615 Old Hwy 20th W, South Sioux City, NE 68776-4505
This exceptional investment opportunity presents the chance to acquire Martin Field Airport, a fully operational private airfield in South Sioux City, Nebraska. Located just minutes from the Sioux City, IA metro area, this property boasts over 136 acres of land, including three parcels and several buildings. The existing structures comprise an office building, airplane hangar buildings, and a utility shop, along with some tillable acreage. The airport features a substantial 3,326-foot runway (50' x 4"), significantly reducing the cost and time associated with new construction. The property also benefits from over 1,600 feet of highway frontage on Hwy 20, ensuring excellent accessibility. Currently operating at 100% occupancy, this airport presents a unique opportunity for continued operation as an airfield, with ample space for expansion of hangars and the addition of aircraft maintenance services (A&P). Alternatively, the substantial acreage and prime location offer significant potential for redevelopment. The seller will consider subdividing the property, offering options ranging from 10 to 136 acres. The asking price is $2,500,000 for the real estate only
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Martin's Sioux Air Inc Vocational School Training Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
COMMERCIAL · South Sioux City, NESouth Sioux City. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.