Building Details

Year built 1900

Buildings 1

Listing Agency: Century 21 ProLink Show Phone

Listed By: KJ Wingert Show Phone

Added: Mar 23 Changed: Oct 28 Last Checked: Oct 29 at 3:06PM

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MLS# 832204

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.

At 501 Pearl Street, this two-story mixed-use building offers 4,068 square feet on each floor, tall ceilings and full basements on each side. Large windows on the upper level look out across downtown. The property was built in 1900 and occupies a 0.09-acre lot. Three-phase power and substantial electrical capacity are in place. The layout can be adapted into two separate units, and the property has been identified for office, bar or restaurant, retail, or mixed-use occupancy.

The building sits at a corner along a main corridor in Sioux City's entertainment district, near bars and restaurants. A public parking ramp is kitty-corner from the property, and an adjacent building is undergoing renovations.

Key Highlights

• Two floors with 4,068 square feet per floor
• Full basement on each side of the building
• Three‑phase power and capacity for high‑demand electrical operations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,401

Cap Rate

8.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,228,020 $1.2M

Cap Rate 7%

$877,157 $877.2K

Cap Rate 9%

$682,233 $682.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,136 SF

Gross rent

$122.0K $15.00/SF

− Vacancy

−$23.8K −$2.93/SF

EGI

$98.2K $12.08/SF

− OpEx

−$36.8K −$4.53/SF

NOI

$61.4K $7.55/SF

Area

Woodbury County, IA

Vacancy

19.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,228,020

Cap Rate 7%

$877,157

Cap Rate 9%

$682,233

Alternative Uses

Best Use

Specialty Retail

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,581 @ 7.0% cap · market cap 12.23%

Second Best

Mixed Use

$877.2K

$767.5K – $1.02M (±1% cap)

NOI $61,401 @ 7.0% cap · market cap 8.77%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Catering Service Florist Dental Office Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

2,205

Businesses Nearby

12k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Perkins Restaurant & Bakery Dining

12,378 visits/mo 0.5 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The layout can accommodate two separate units, and the building has three-phase electrical service.

Where is this mixed-use property located?

The property is located at 501 Pearl Street Sioux City, IA.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: Two floors with 4,068 square feet per floor; Full basement on each side of the building; Three‑phase power and capacity for high‑demand electrical operations