505 5th Street, Sioux City, IA 51101-
Sioux City, IA Homes for Sale in 51101- and Real Estate MLS # 829318
$3,500,000
- N/A
- N/A
- 84000
- Active
General Description
The 8-story Frances Building is one of the great gems of architecture in downtown Sioux City. It's rich history includes a track record of being a fantastic investment. Offered here at a 9.9% cap rate, that track record has strong potential to continue. With an estimated 54,000 sf of rentable space, it has been a hub for commerce in the heart of Siouxland for over 100 years. Street level restaurant and retail businesses contribute to the vibrancy of downtown, while the office spaces remain bustling with solid occupancy rates. The owner has maintained the Frances Building's reputation as a desirable workplace by investing in improvements to the the elevator systems, roof, and restrooms.Legal: SIOUX CITY EAST LOTS 5 & 6 BLK 10
Property Information
829318
$3,500,000
505 5th Street
Midtown
Sioux City
Iowa
IA
Sale
Commercial
8
Yes
84000
11
1919
51101-
48862
LISTED BY
LPT Realty, LLC, Amy Kakacek (712.333.1111)
PROPERTY LOCATION
MORTGAGE CALCULATOR
RE/MAX Experience
Licensed In Iowa,Nebraska,South Dakota Each Office Independently Owned And Operated.
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COMMUNITY
Brightside Café & Deli
Great food on 4th Street and within minutes from the beautiful City Centre. The best breakfast in Sioux City starts at Brightside. From the friendly staff to the vibrant and inspirational environment, Brightside makes every morning special. Click "Learn More" for more information.
The Warrior Hotel & Blue Bird Flats
The investment into downtown and entreprenuerial spirit in Sioux City has been on another level in recent years. In the January edition of Siouxland magazine, we highlighted the beautification through a pandemic in our inaugural installment of The Market Experience. Check out excerpts and insight into the art deco chique autograph collection property that is the Warrior Hotel and the beautiful resurgence of the Sioux City Motor Mart and Commerce Building now elegantly named Blue Bird Flats. Click link for the entire article!
Whispering Creek
My son and I enjoyed some father son time this weekend at Whispering Creek Golf Course located in the Morningside area of Sioux City, IA. It was the perfect start to the day that included 9 holes of golf in the AM and cheering on our Iowa Hawkeye football team in the afternoon. I highly recommend you check out the course this fall as the leaves are changing. Epic views from every tee box. To grab a tee time or learn more about a membership click the link!
