1119 4Th StSioux City, IA 51101

For Sale
$1,650,000 View listing
  • Office buildings
  • 20,800 SF

Property Details for 1119 4Th St

Year built
1910
Lot size
0.47 AC
Property size (Sq ft)
20,800 SF
Property type
Office buildings
APN
894728432006
APU
894728432006

Description

This exceptional investment opportunity presents a beautifully restored, two-story building located at 1119 4th Street in the heart of historic downtown Sioux City, Iowa. The property, boasting a total of 20,800 square feet, is classified as a Class C mixed-use building with a permitted MU zoning designation. Currently, 75% of the building's 2,663 net rentable square feet is occupied by long-term tenants, leaving four additional spaces available for lease, presenting immediate income potential and future growth opportunities. The building comprises 13 units spread across two stories, originally constructed in 1910 and meticulously restored to maintain its historic charm. The property sits on a 0.47-acre lot (APN 894728432006) and includes a convenient on-site parking lot. The diverse unit mix includes storefront, executive office, and creative office spaces, catering to a wide range of potential tenants. This strategically located property in Woodbury County, Iowa (zip code 51101) offers a compelling blend of historical significance, strong current occupancy, and significant upside potential for future income generation. The asking price for this unique investment property is $1,650,000.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,212,177
    6.5%
    $2,965,086
    7%
    $2,753,295
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,061,632
    Geo Method
    $1,061,632
  • Alternative Use

    Use
    Valuation
    Residential
    $3,676,708
    Hospitality
    $3,367,844
    Educational
    $2,802,007
    Medical
    $2,898,372
    Retail
    $4,358,678
1119 4Th St, Sioux City, Iowa
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Location Insight

City
Sioux City
County
Woodbury
State
Iowa
Latitude
42.4946
Longitude
-96.3954
CBSA code
43580
CBSA name
SIOUX CITY, IA-NE-SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$55,792
$133,300
$1,499,200
$1,632,500
-
$133,300
$1,499,200
$1,632,500

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