613 & 619 Pierce St - Office FOR SALE


Sioux City, IA 51101
$1,200,000 USD
712-224-2727
613 & 619 Pierce St, Sioux City, IA for Sale
$1,200,000 USD
Office - FOR SALE
1/1
null | 9.12% Cap Rate

613 & 619 Pierce St
Sioux City, IA 51101


HIGHLIGHTS

  • Connected directly to every floor of the Williges Building via elevator.
  • Recently remodeled and updated.

OVERVIEW

Historic Williges Building and private parking ramp in prime location between $73M newly restored Warrior Hotel (Marriott Autograph Collection), Orpheum Theatre, City Hall and County Courthouse. Sale includes the main floor Vriezelaar Law Firm office condo, 2nd floor McClure Engineering office condo, full basement with high clearance storage and the attached 121-stall private parking ramp. The 60,000 SF parking ramp is connected directly to every floor of the Williges Building via elevator. Both tenants have occupied the building since the 2014 full restoration of the mixed-use Williges. The sale does not include the SEDC office condo on 2nd floor and the 6 residential condos on 3rd floor. There is no public ramp in the NW quadrant of downtown, so neighborhood parking is in high demand. The basement could easily be converted to self-storage for tenants of the building creating additional income. Financials available upon executed NDA.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$17 USD /SF

CAP RATE

9.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Historic Williges & Private Ramp

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1917

SPRINKLERS

-

PARKING SPACES

121

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

DC

APN/PARCEL ID

894728304006

ASK ABOUT THIS PROPERTY

Nathan ConnellyNAI UnitedMore Info
712-224-2727

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Nathan ConnellyNAI UnitedMore Info
712-224-2727

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