409-411 Pearl St Sioux City, IA 51101
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.