505-511 5th St - Office FOR SALE


Sioux City, IA 51101
$2,750,000 USD
712-333-1111
505-511 5th St, Sioux City, IA for Sale
$2,750,000 USD
Office - FOR SALE
1/61
null | Request Cap Rate

505-511 5th St
Sioux City, IA 51101


HIGHLIGHTS

  • One of Sioux City’s most recognized and admired historic buildings, offering irreplaceable architectural character and long-term prestige
  • Over 100 years as a commercial centerpiece, demonstrating durability, adaptability, and sustained investment performance
  • Scale and diversification across retail, restaurant, and office uses enhance income stability and leasing flexibility
  • Ground-floor tenants contribute to downtown vibrancy and foot traffic, strengthening tenant retention and visibility
  • Upper-floor office spaces remain well-leased, reflecting ongoing demand for downtown office environments
  • Recent investments in elevators, roof, and restrooms reduce near-term capital needs and increase buyer confidence

OVERVIEW

The iconic 8-story Frances Building stands as one of downtown Sioux City’s most recognizable architectural landmarks and a proven cornerstone of the local commercial landscape. With an estimated ±54,000 SF of rentable space, this historic asset has served as a vibrant hub for commerce in the heart of Siouxland for more than a century, combining timeless character with enduring investment performance. The building offers a dynamic mixed-use environment, featuring street-level restaurant and retail tenants that energize the downtown streetscape, while upper-floor office suites maintain strong occupancy and consistent demand. This balanced tenant mix enhances both income stability and long-term leasing appeal. Ownership has demonstrated a commitment to preserving the Frances Building’s reputation as a desirable and functional workplace, completing meaningful capital improvements including elevator system upgrades, roof replacement, and modernized restrooms. These investments position the property for continued performance while retaining the historic charm that sets it apart in the downtown market. The Frances Building represents a rare opportunity to acquire a well-maintained, income-producing historic asset with scale, character, and a long-standing record of success in Sioux City’s central business district.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$30 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Frances Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

C

YEAR BUILT

1919

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

DC

APN/PARCEL ID

894728329003

ASK ABOUT THIS PROPERTY

Amy KakacekLPT RealtyMore Info
712-333-1111

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Amy KakacekLPT RealtyMore Info
712-333-1111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.