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The Frances Building 505-511 5th St 92,000 SF 100% Leased Office Building Sioux City, IA 51101 $2,750,000 ($29.89/SF)
INVESTMENT HIGHLIGHTS
- Historic Downtown Landmark
- Mixed-Use Income Stream
- Strong Office Occupancy
EXECUTIVE SUMMARY
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. 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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
92,000 SF
Building Class
C
Year Built
1919
Price
$2,750,000
Price Per SF
$29.89
Percent Leased
100%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
11,500 SF
Building FAR
6.21
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
DC - Commercial
AMENITIES
- 24 Hour Access
- Bus Line
- Controlled Access
- Skyway
- Air Conditioning
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Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 894728329003 | Improvements Assessment | $1,785,600 |
| Land Assessment | $82,500 | Total Assessment | $1,868,100 |
PROPERTY TAXES
Parcel Number
894728329003
Land Assessment
$82,500
Improvements Assessment
$1,785,600
Total Assessment
$1,868,100
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Presented by
LPT Realty
The Frances Building | 505-511 5th St
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