Property profile

525 6Th St Sioux City, IA 51101

FOR LEASE
Retail space
Property ID
US25-2186894
52,228 SF 1.38 ac lot Built 1913
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This beautifully restored 1930s building, located at 525 6th St, Sioux City, IA 51101, offers 10,032 square feet of vacant commercial space within a total of 12,371 square feet. The space is divisible, with a minimum of 1,301 square feet and a maximum contiguous space of 2,386 square feet available. Situated on a 1.5-acre lot in Woodbury County, this property benefits from high foot traffic due to its location within a revitalized city block. Ample parking is available for tenants and their clients. Additional storage space is also available for rent. Common area maintenance (CAM) is a simplified flat fee of $6.12 per square foot, subject to scheduled adjustments. Tenant exclusions apply. The building is undergoing a significant renovation project, including the addition of a 148-room Marriott luxury hotel and 22 upscale apartment condos. Hotel amenities will include a high-end Chophouse restaurant, a swimming pool, a bowling alley, a fitness center, meeting rooms, a spa, and heated sidewalks, further enhancing the property's appeal and attracting increased foot traffic. This presents a unique opportunity for businesses seeking a prominent location in a thriving, revitalized area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1913
Total area 52,228 SF
Lot 1.38 ac (60,075 SF)
APN 894728336001
UPID US25-2186894

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Grocery & Convenience Store Food Market
  • Spa & Massage Center
  • Bar & Pub

Location

525 6Th St Sioux City, IA 51101
Sioux City metro Census 3600 SIOUX CITY, IA-NE-SD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.34M
Blend (final) Blend
$3.41M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Auto repair, garage $4.4M +99.6%
Warehouse, storage $4.2M +89.0%
Office building $3.4M +54.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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