Restored Three-Story Office
501 Douglas Street, Sioux City, IA 51101
For Sale
$399,000
Commercial, Sioux City, IA
Property Size4,875 SF
Lot Size0.04 Acres
Price / SF$81.85
Days on Market709
Property Features for 501 Douglas Street
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Amenities
kitchenette
conference room
Building Details
Year built
Buildings
Listing Agency:
Century 21 ProLink
Listed By:
Jennifer Rose Bass
(712) 224-2300
Added: Dec 4, 2024
Changed: Nov 11
Last Checked: Nov 12 at 9:06AM
MLS# 827060
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.
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Investment Insights
Based on property information with market context.
Built in 1919, this three-story office building contains 4,875 square feet, with 1,625 square feet on each floor. Renovations are complete. Expansive windows and high ceilings bring natural light and openness to the interior, while a basement spans the full building footprint and remains unfinished.
The first floor includes an open work or conference area, a kitchenette, and two restrooms. Five private offices, an open work area, and a restroom occupy the second floor. The third floor provides a large conference or work area and a restroom.
The first floor includes an open work or conference area, a kitchenette, and two restrooms. Five private offices, an open work area, and a restroom occupy the second floor. The third floor provides a large conference or work area and a restroom.
Key Highlights
- 4,875 square feet across three floors, with 1,625 square feet per floor
- Built in 1919; renovations completed
- First floor includes an open work area or conference room, kitchenette, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,669
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,380
$493.4K
Cap Rate 7%
$352,414
$352.4K
Cap Rate 9%
$274,100
$274.1K
Market Conditions
NOI Build-Up for 4,875 SF
Gross rent
$45.0K $9.24/SF
− Vacancy
−$12.2K −$2.49/SF
EGI
$32.9K $6.75/SF
− OpEx
−$8.2K −$1.69/SF
NOI
$24.7K $5.06/SF
Area
Woodbury County, IA
Vacancy
26.98%
Lease Rate
$9.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,380
Cap Rate 7%
$352,414
Cap Rate 9%
$274,100
Alternative Uses
Best Use
Office B
$352.4K
$308.4K – $411.2K
NOI $24,669 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$732.6K
$641.0K – $854.7K
NOI $51,279 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,205
Businesses Nearby
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Business Placement
Demographics for 51101, IA
1,146
Population
723
Households
1.6
Avg Household Size
39
Median Age
11%
College-Educated
84%
High-School Grad
1.2 sq mi
ZIP Area
955
Density / Sq Mi
$18,103
Median Household Income
$25,661
Median Earnings
$676
Median Rent
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Market
Properties on Market for Office buildings in Sioux City
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Historic office space offers private offices, open work areas, conference rooms, and a kitchenette across multiple floors.
Where is this office building located?
The property is located at 501 Douglas Street Sioux City, IA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 4,875 square feet across three floors, with 1,625 square feet per floor; Built in 1919; renovations completed; First floor includes an open work area or conference room, kitchenette, and two restrooms
