501 Douglas Street, Sioux City, IA 51101
COMMERCIAL - Sioux City, IA
- Added:
- Dec 4, 2024
- Days on Market:
- 557
- Last Refresh:
- Jun 14 at 10:06 am
Property Features for 501 Douglas Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 894728307009
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- SIOUX CITY EAST S 1/2 E 66 FT LOT 7 BLK 8
- Tax Annual Amount
- 18196
Building Details
- Year built
- 1919
Listing agent Jennifer Rose Bass (712) 224-2300
Listing office Century 21 ProLink 1114 4th Street, Sioux City, IA (712) 224-2300
Listing date Dec 4, 2024
Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 3‑story, 4,875 SF office building built in 1919 with 1,625 SF per floor and expansive windows
- Full restoration completed with over $750,000 in renovations, plus an unfinished basement spanning the entire footprint
- 1st floor includes open work area or conference room, kitchenette, and 2 restrooms
- 2nd floor offers 5 private offices, an open work space, and a restroom
- 3rd floor features a large conference room or work area and a restroom
- Can be leased at $12/sf NNN; ground floor may be eligible for Sioux City Downtown Tenant Improvement Program
Overview
The property is located in Sioux City, Iowa, at 501 Douglas Street (51101) in Woodbury County. The exterior is associated with a west-side mural titled “Yawar Fiesta,” created by artist Martin Ron, and the building is commonly referred to as the Buffalo Building.
This configuration suits office tenants seeking a mix of private offices and open collaborative space across multiple floors, along with dedicated restroom access on each level. It can also be leased on an NNN basis, and the ground-floor spaces may be eligible for the Sioux City Downtown Tenant Improvement Program, which may provide financial assistance toward build-out costs. Renovations totaling over $750,000 are described as completed, leaving the building available to move in and operate.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $9.24 |
| − Vacancy | −$12.2k | −$2.49 |
| EGI | $32.9k | $6.75 |
| − OpEx | −$8.2k | −$1.69 |
| NOI | $24.7k | $5.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sioux City
- County
- Woodbury
- State
- Iowa
- Longitude
- -96.406757
- Latitude
- 42.495622
