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Property profile & analytics
FOR SALE
Office buildings

1221 Pierce St Sioux City, IA 51105

21,810 SF 0.52 ac lot Built 1920
Entity Owned 15-yr Hold Free & Clear
Property ID
US25-0376750
Property summary
AI-generated overview

This exceptional two-story commercial building, located at 1221 Pierce St in Sioux City, Iowa, presents a unique investment opportunity. Built in 1920 and boasting 21,810 square feet of space, this property sits on a 1.04-acre lot (APN 894728108011) and is zoned for traditional office use. The asking price is $549,000, translating to $25.17 per square foot. The building features varying ceiling heights, ranging from 7-10 feet to 15-20 feet, offering flexibility for diverse layouts and uses. Its historic landmark status adds significant character and potential for adaptive reuse. The property includes the legal description of Sioux City East Lots 7, 8 & 9, all in Block 71. The closing date is negotiable, as the seller requires time to relocate. This presents a rare chance to acquire a substantial, historically significant commercial property in a desirable Sioux City location, ideal for entrepreneurial ventures or established businesses seeking a unique and spacious workspace. The property's size and location offer significant potential for future growth and development. The building's character and history provide a unique opportunity for a buyer seeking a distinctive commercial space.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Total area 21,810 SF
Lot 0.52 ac (22,579 SF)
Zoning code C-13
APN 894728108011
UPID US25-0376750
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • X712 Gym & Fitness Center
  • Transitional Services of Iowa Crisis Center Medical Clinic
  • Integrated Counseling Practice Counselor
  • Melissa Schuldt Foster Care Service Social Service Agency
  • Dakotah Health & Wellness Inc. Wellness Program
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
$620k
Blend (final) Blend
$565k
Owner & transaction history
Id Realty L L C · 15 yrs held
Id Realty L L C
since 2011
2 recorded transactions
2018
Price N/A
2011
Price N/A
Zoning & alternative use
C-13 · Sioux City, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Document Viewer | Municipal Code
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