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$550,000
Est. payment /mo
3,750 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $146
MLS Listing ID 832182
Year Built 1905
Annual Tax Amount $2,920
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Commercial
Property Description
Turnkey investment opportunity located at 1923 Pierce Street in Sioux City, Iowa! This property is ideal for investors seeking immediate, stable cash flow with minimal management required. The building features two fully leased commercial spaces, each secured with long-term tenants. The first space is occupied by an established nightclub with five years remaining on the lease, while the second space at 424 20th Street will soon be home to a hookah shop, also committed to a five-year lease term. With both units leased and generating income, this property offers a true hands-off investment experience. New ownership can step in and begin collecting rent from day one without the hassle of tenant placement or buildout. Located on Pierce Street, this property benefits from strong visibility and consistent traffic, supporting tenant success and long-term stability. Additionally, this property can be purchased as part of a package deal with 413-415 Nebraska Street for $1,000,000, or with 413-415 Nebraska and 501 Pearl Street for $1,600,000, creating an excellent opportunity to scale your portfolio with multiple income-producing assets. If you're looking for a low-maintenance, income-generating property with solid lease terms already in place, this is one for you.
Location
State IA
County Woodbury
Area Nside Central
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Listed by Century 21 ProLink
Nearby School & Business
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