Two-Story Corner Office
501 Pearl Street Sioux City, IA 51101
For Sale
$700,000
COMMERCIAL - Sioux City, IA
Property Size8,136 SF
Lot Size0.09 Acres
Price / SF$86.04
Days on Market129
Property Features for 501 Pearl Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
894728306013
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SIOUX CITY EAST LOT 7 (EX PT BEG AT SW COR THNC N 50.48 FT, THNC E 75.96 FT, THNC S 16.63 FT, THNC W 10.25 FT, THNC S 33.84 FT, THNC W 65.68 FT TO POB) BLK 7
Tax Annual Amount
3998
Building Details
Year built
1900
Listing Agency:
Century 21 ProLink
(712) 224-2300
Listed By:
KJ Wingert · License #S69502000
(712) 251-9905
Added: Mar 23
Changed: Jul 29
Last Checked: Jul 29 at 10:06AM
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.
Investment Insights
Based on property information with market context.
Located at 501 Pearl Street, this two-story commercial building is arranged as two sides with tall ceilings and large second-floor windows. The property provides 4,068 square feet on each floor, and each side includes a full basement. The layout is described as allowing an easy conversion into two separate units, supporting either single-tenant use or leasing two spaces.
The building is situated on a corner along a main corridor in Sioux City’s entertainment district, with a public parking ramp kitty-corner and an adjacent property currently undergoing renovations. The large second-floor windows face the downtown area, and the property is equipped with 3-phase power with electrical capacity noted as suitable for higher-demand operations.
This offering is for sale.
The building is situated on a corner along a main corridor in Sioux City’s entertainment district, with a public parking ramp kitty-corner and an adjacent property currently undergoing renovations. The large second-floor windows face the downtown area, and the property is equipped with 3-phase power with electrical capacity noted as suitable for higher-demand operations.
This offering is for sale.
Key Highlights
- 4,068 SF per floor with 2 floors, built in 1900
- Corner location in Sioux City’s entertainment district on a main corridor
- Full basement on each side of the building
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 | $75.2k | $9.24 |
| − Vacancy | −$20.3k | −$2.49 |
| EGI | $54.9k | $6.75 |
| − OpEx | −$13.7k | −$1.69 |
| NOI | $41.2k | $5.06 |
8,136 SF · lease $9.24/SF/yr · vacancy 26.98% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.35M
NOI $80,721 @ 7.0% cap · market cap 11.53%
Second Best
Office B
$588.1K
$514.6K – $686.2K
NOI $41,170 @ 7.0% cap · market cap 5.88%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,581 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two-story building with full basements on both sides and 3-phase power, positioned near a public parking ramp.
Where is this office units 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: 4,068 SF per floor with 2 floors, built in 1900; Corner location in Sioux City’s entertainment district on a main corridor; Full basement on each side of the building
