Outer Dr Sioux City, IA 51104
- Retail properties
- 1,481,040 SF
- 37.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Outer Dr
- Lot size
- 37.00 lot acres
- Property size
- 1,481,040 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 37-acre commercial land parcel, known as Northern Landing, presents a unique investment opportunity in Sioux City, Iowa. Located on Outer Dr N, zip code 51104, this property boasts a substantial 1,481,040 square feet and is ideally suited for a large-scale retail development. The asking price is $4,029,300, translating to $3 per square foot. The land value is also assessed at $3 per square foot. Situated within a federal Opportunity Zone, this site offers significant tax advantages. The property is zoned General Commercial and is primed to capture a substantial portion of the retail market, serving a population base exceeding 350,000 within the Sioux City IA-NE-SD MSA. The City of Sioux City has approved a mixed-use concept plan and is likely to provide tax increment financing for infrastructure improvements. Annual property taxes are approximately $1,466. This presents a compelling opportunity for developers seeking to establish a major retail presence in a rapidly growing market. The site's size and location make it perfect for a big-box retailer such as a second Target, a fifth Hy-Vee, or a Costco, capitalizing on the underserved northside market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sioux City
- County
- Woodbury
- State
- Iowa
- Longitude
- -96.3616
- Latitude
- 42.5299
