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    409-411 Pearl St Sioux City, IA 51101

    Sponsored
    For Sale
    $260,000

    Iconic Downtown Building, 13,000+ SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This remarkable two-story commercial property, located at 409-411 Pearl St in Sioux City, IA, 51101, is the oldest building in the city, dating back to 1870. Boasting over 13,000 square feet of space, it presents a unique opportunity for a variety of commercial ventures. The building features three separate entrances, each leading to distinct areas. The north entrance accesses approximately 2,240 square feet of ground floor space, including a reception area, a large studio space, a small storage area, and a restroom. The south entrance opens to a recently renovated 1,760 square-foot space, comprising a reception area, seven private rooms, and a restroom. A substantial 3,000+ square feet of unfinished space is located at the rear of the ground floor. The central Pearl Street entrance leads to the second floor, which includes a large open area, a small kitchenette, two private offices, and a restroom. Further exploration of the second floor reveals a former bar/lounge area and a ballroom space with swinging kitchen doors. This prime downtown location offers exceptional visibility and high foot traffic, ensuring maximum exposure for any business. The property is being sold as-is, with a right of first refusal contingency. This is a rare chance to own a piece of Sioux City history and shape its future.

    Property Features for 409-411 Pearl St

    General Information

    Property type
    Land

    HighLights

    • $260,000 asking price.
    • Special purpose land, commercial property in Sioux City, IA.
    • 0 units; 13,000+ square feet, two‑story building at 409‑411 Pearl St, Sioux City, IA 51101.
    • Oldest building in Sioux City (est. 1870), offering high visibility and foot traffic.
    • Features three ground floor entrances leading to various spaces, including approximately 2,240 sf, 1,760 sf of renovated space, and over 3,000 sf of unfinished space.
    • Second floor includes a large open room, private offices, and a former bar/lounge area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.4082861
    Latitude
    42.4945982

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    FAQs

    What type of property is this?
    Land - Iconic Downtown Building, 13,000+ SF
    Where is this land located?
    The property is located at 409-411 Pearl St Sioux City, IA.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: $260,000 asking price.; Special purpose land, commercial property in Sioux City, IA.; 0 units; 13,000+ square feet, two-story building at 409-411 Pearl St, Sioux City, IA 51101.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    409-411 Pearl St Sioux City, IA 51101
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