810 7Th StSioux City, IA 51103

Property Details for 810 7Th St

Year built

1987

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

2,870 SF

Property type

Retail properties

Property subtype

Retail space

APN

894729210003

APU

894729210003

Description

This 2,870 square foot auto shop in Sioux City, IA, presents a fantastic investment opportunity. Located at 810 W 7th St, just half a block from and highly visible to Hamilton Boulevard, this two-story building boasts a 1,130 square foot showroom and an 870 square foot back room on the main floor, plus an additional 870 square feet on the second floor. The property underwent a complete $100,000 renovation in 2020, resulting in a modern and functional space. Key features include two new ADA-compliant restrooms on the main floor, enhancing accessibility and convenience. The property sits on a 0.09-acre lot and is zoned for commercial use (APN: 894729210003). The asking price is $199,000. This drive-thru location offers excellent visibility and accessibility, making it an ideal setting for a thriving auto-related business. The substantial renovation ensures the building is in excellent condition, minimizing immediate capital expenditure needs for the new owner. This turnkey operation is ready for immediate occupancy and presents a strong return on investment potential. Don't miss this chance to acquire a well-established and updated commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $651,549

  6.5%

  $601,430

  7%

  $558,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $369,142

  Geo Method

  $369,142

• Alternative Use

  Use

  Valuation

  Residential

  $507,328

  Hospitality

  $464,710

  Educational

  $386,633

  Medical

  $399,930

  Retail

  $601,430

Location Insight

City

Sioux City

County

Woodbury

State

Iowa

Latitude

42.5027

Longitude

-96.4179

CBSA code

43580

CBSA name

SIOUX CITY, IA-NE-SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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