101 Virginia St Sioux City, IA 51101
- Office buildings
- 1,696 SF
- 0.04 lot acres
Current Use by Public Records
- Office buildings
Property Details for 101 Virginia St
- Year built
- 2019
- Lot size
- 0.04 lot acres
- Property size
- 1,696 SF
- Property type
- Office buildings
- APN
- 894728463101
- APU
- 894728463101
Description
This exceptional 1,870 square foot retail space is located in the vibrant Virginia Square District of downtown Sioux City. Situated on the ground floor of a Class A building totaling 4,144 square feet, this single-tenant space offers a fantastic opportunity for businesses seeking a prime location. The property boasts unparalleled accessibility, being just one block from the historic 4th Street and the Promenade movie theater, a five-minute walk from the Hard Rock, and a block away from the upcoming riverfront redevelopment project and I-29. This ensures high visibility and convenient access for customers. The building's prestigious tenant roster includes Keller Williams Siouxland, Goodin Insurance, Avid Hotel, and Table 32, further enhancing the desirability of this location. The landlord is offering a "vanilla shell" space along with a generous tenant improvement allowance of $25.00 per square foot, contingent upon a minimum five-year NNN lease. This allows for significant customization to suit your specific business needs. While expenses are estimated and property taxes are still being finalized, this opportunity presents a compelling combination of location, amenities, and financial incentives. Ideal for retail or professional services.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $450,000
- 6.5%
- $430,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $330,000
- Mixed-Use
- $375,000
- Hospitality
- $325,000
- Educational
- $330,000
- Residential Income
- $345,000
- Energy
- $325,000
- Income-Based Land
- $425,000
- Food Service
- $450,000
Location Insight
- Map
- Local Demand
- City
- Sioux City
- County
- Woodbury
- State
- Iowa
- Longitude
- -96.398
- Latitude
- 42.4908
- CBSA code
- 43580
- CBSA name
- SIOUX CITY, IA-NE-SD METROPOLITAN STATISTICAL AREA