1220 4Th StSioux City, IA 51103

Property Details for 1220 4Th St

Year built

2021

Lot size

0.56 AC

Property size (Sq ft)

45,360 SF

Property type

Retail space

APN

894728477002

APU

894728477002

Description

This exceptional 2,285-square-foot retail space is located within the prestigious Urbane 1220 building at 1220 4th St, Sioux City, IA 51103, situated on Historic 4th Street. This Class A, mixed-use development, completed in 2021, offers a vibrant urban lifestyle. The space, part of a larger 51,986-square-foot building, boasts abundant natural light and convenient patio access. Private parking and dedicated retail restrooms are included. Its prime location provides excellent visibility and accessibility, with proximity to major thoroughfares and public transportation. The building's amenities include an on-site fitness center. The space is fully built-out and ready for immediate occupancy. Zoned C, this property (APN 894728477002) offers a unique opportunity for businesses seeking a high-profile location in a thriving community. The asking rate is $11.00 per square foot NNN, with estimated CAM of $5.00 per square foot. The lease will be a gross lease, with separately metered utilities paid by the tenant. Tenant improvement allowances are negotiable, and the landlord is open to creative financing options, including grant funding and co-investment opportunities. This is an ideal location for businesses seeking high visibility and convenient access to a diverse range of amenities and services. The building is a five-story structure with one building on the site.

• CAP approach

  CAP return

  Valuation

  6%

  $10,297,356

  6.5%

  $9,505,251

  7%

  $8,826,305

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,834,240

  Geo Method

  $5,834,240

• Alternative Use

  Use

  Valuation

  Residential

  $8,018,035

  Hospitality

  $7,344,477

  Educational

  $6,110,518

  Medical

  $6,320,669

  Retail

  $9,505,251

Location Insight

City

Sioux City

County

Woodbury

State

Iowa

Latitude

42.4939

Longitude

-96.3938

CBSA code

43580

CBSA name

SIOUX CITY, IA-NE-SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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