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
15
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
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... Show More
Stone Bru
When it comes to getting that extra boost of energy, my go-to spot in Sioux City is the aesthetically pleasing Stone Bru. I love an outstanding local business. It’s not only a great environment for getting work done, but it is also an exceptional place to converse with others. It has been a safe place for me to break up my day and allows me to keep... Show More
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 proper... Show More
