REDEVELOPMENT POTENTIAL Primed for redevelopment, this Sioux City property presents a compelling opportunity for affordable, workforce, or HUD-supported housing. The site may be well-suited for developers or housing providers seeking to pursue public/private incentives, tax credits, grant programs, or other low-income housing initiatives. Buyer to verify zoning, density, program eligibility, and available development incentives. PROPERTY SPECIFICATIONS Luma Heights Apartments 217 19th Street Sioux City, IA 51105 Mid-rise apartment building Class A Potential (87) apartments & (12) parking stalls on 0.69 acres Unit mix: (42) studios, (35) 1-beds, (5) 2-beds & (5) 3-beds Rentable area: 74,037 SF | Gross area: 82,257 SF Built 1920; formerly a hotel, converted to apartments Creative financing options available Purchase Price: unpriced GENERAL OFFERING The Sioux City-IA-MSA boasts one of the nation’s lowest unemployment rates at 3.2% as of April 2026. Sioux City benefits from a diversified regional economy, strong industrial and food-processing presence, and central access to Interstate 29, rail, river transport, and Sioux Gateway Airport.