51101-, IA Sioux City, 505 5th Street

51101- in Sioux City, IA features homes for sale in the Sale category, with Real Estate MLS # [MLS

$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
Status: Active

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


Rachel Carlson - REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Rachel Carlson

REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Ask About this Property #829318

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