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Property profile & analytics
FOR SALE
Office buildings

501 Douglas St Sioux City, IA 51101

4,875 SF 0.04 ac lot Built 1919
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0407734
Property summary
AI-generated overview

This exceptional Class A executive office building, located at 501 Douglas St in Sioux City, Iowa, presents a unique investment opportunity. The 4,875 square foot, three-story building boasts a complete renovation in 2009, encompassing new plumbing, electrical systems, a fire sprinkler system, and HVAC. Situated on a 0.04-acre lot (APN 894728307009), this property benefits from ample natural light throughout, high ceilings, and attractive finishes. Convenient parking is available directly across the street. The layout is versatile and functional. The ground floor features a spacious open area suitable for a conference room or workspace, a kitchenette, and two restrooms. The second floor comprises five private offices, an open workspace, and a restroom. Finally, the third floor offers a large conference room or workspace and an additional restroom. The building is zoned DC - Downtown Commercial and was originally constructed in 1919. Asking price is $635,000. This multi-tenancy property is ideal for a variety of businesses seeking a prestigious downtown location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1919
Total area 4,875 SF
Lot 0.04 ac (1,650 SF)
APN 894728307009
UPID US25-0407734
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Lerch LLC · 9 yrs held
Lerch LLC
since 2017
5 recorded transactions
2021
Price N/A
2017
Price N/A
2017
$212,375
2017
$89,500
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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