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    124 Pierce St Sioux City, IA 51101

    Sponsored
    For Lease
    $8 SF/Yr ($12,600 /Mo)

    18,900 SF Free-Standing Building, High Visibility

    Lot size:
    18,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 18,900-square-foot free-standing retail building presents a unique investment opportunity in the heart of Downtown Sioux City. Originally constructed in 1957 and extensively renovated in 2014, this single-tenant property sits on a spacious 1.38-acre lot and offers ample parking with 43 spaces. The building's versatile layout, previously occupied by a grocery store and more recently a furniture store, makes it ideal for a variety of retail uses. Its General Commercial (GC) zoning provides flexibility for future development. The property boasts excellent visibility, with a direct line of sight from both Highway 20 (Gordon Drive) and Interstate 29, ensuring high traffic exposure. The thriving downtown area is experiencing significant growth, with a recent Downtown Partners study reporting 671 residential units and 601 hotel rooms in 2023. Further enhancing its appeal, new construction directly across the street is bringing new businesses and apartments to the neighborhood. The building is available for lease, commencing January 1st, 2025. The property's single-story design and ample parking provide convenient access for customers and employees. Its prime location and recent renovations make this a truly exceptional opportunity for a discerning business owner seeking a high-impact retail space. The Assessor's Parcel Number (APN) is 894728382001.

    Property Features for 124 Pierce St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,900 SF
    Total Rate
    12600

    Building Details

    Year Built/Renovated
    1957/2014
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    18,900 SF
    Rate per SF
    $8

    HighLights

    • 18,900 SF freestanding retail building on a 1.38‑acre lot.
    • Single‑tenant occupancy; currently vacant.
    • Located in Downtown Sioux City, IA.
    • Built in 1957, renovated in 2014.
    • 43 parking spaces.
    • Zoned GC - General Commercial.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ashley HomeStore Furniture Store Ashley Furniture Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.4041694
    Latitude
    42.4917289

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    FAQs

    What type of property is this?
    Individual retail property - 18,900 SF Free-Standing Building, High Visibility
    Where is this individual retail property located?
    The property is located at 124 Pierce St Sioux City, IA.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 18,900 SF freestanding retail building on a 1.38-acre lot.; Single-tenant occupancy; currently vacant.; Located in Downtown Sioux City, IA.
    Request Owner's contact information
    124 Pierce 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
    124 Pierce St Sioux City, IA 51101
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