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$2,200,000
Est. payment /mo
11,950 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,950 sqft
Price per Sqft $184
MLS Listing ID 828194
Year Built 2001
Annual Tax Amount $55,478
Tax Year 2023
Lot Size 2023.000 Acres
Acres 2023.0
Property Sub-Type Commercial
Property Description
For Sale: Approximately 11,946 sf, fully occupied, two-tenant building located on a major commercial thoroughfare in Sioux City, Iowa. The front 4,100 sf retail space has been occupied by a golf shop since 2018. Its 5-year lease renewal was exercised in 2023. The rear Approximately 7,857 office space has been leased to the Government Services Administration (GSA) since 2019 on a 15-year lease (7 years firm). Both leases are modified gross leases which together will deliver the investor a cap rate of 6.2% based on the list price, a great investment opportunity!
Location
State IA
County Iowa
Area Mside South
Building
Sewer City
Water City
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Listed by LPT Realty, LLC