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700 Jackson St 7,092 SF Office Building Sioux City, IA 51105 $825,000 ($116.33/SF) 8.65% Cap Rate
INVESTMENT HIGHLIGHTS
- 4 units filled with quality tenants ensured a steady cashflow
- Own a property that combines functionality, convenience, and aesthetic appeal 1 block from MercyOne Siouxland Medical Center
- Greenspace courtyard for the tenants use and enjoyment
EXECUTIVE SUMMARY
This property is also perfect for an investor looking for a well-maintained building with quality finishes and 5 units filled with quality tenants ensuring a steady cashflow. This building would also be great for an owner/occupier as the other 4 tenants will pay off your mortgage. The property offers convenient parking right by the doors, giving easy access for tenants and their customers alike. The interior of each unit features high-quality finishes, providing a comfortable and stylish working environment. The attention to detail is evident throughout, from the modern fixtures to the tasteful color schemes. The property features a green space courtyard. Don’t miss out on this opportunity to own a property that combines functionality, convenience, and aesthetic appeal 1 block from MercyOne Siouxland Medical Center. Unit 700 was updated 4 years ago with a new HVAC unit, new roof and tiple pane Pella windows. Unit 702 has new lights, a new front window and new kitchen. Unit 704 was just updated with new paint, ceiling tiles and high-quality LED lights. Unit 706A was completely updated in 2024 with new paint, carpet, ceiling tiles, HVAC, high-quality LED lights, a new kitchenette and new restrooms. Unit 706B received a new HVAC and lights in2024. The roof over 706 A&B is 3 years old. This property should be top of mind when looking for a no hassle investment as it is so well maintained!!!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$88,200
|
$12.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$88,200
|
$12.44
|
| Taxes |
$10,044
|
$1.42
|
| Operating Expenses |
$6,813
|
$0.96
|
| Total Expenses |
$16,857
|
$2.38
|
| Net Operating Income |
$71,343
|
$10.06
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $88,200 |
| Annual Per SF | $12.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $88,200 |
| Annual Per SF | $12.44 |
| Taxes | |
|---|---|
| Annual | $10,044 |
| Annual Per SF | $1.42 |
| Operating Expenses | |
|---|---|
| Annual | $6,813 |
| Annual Per SF | $0.96 |
| Total Expenses | |
|---|---|
| Annual | $16,857 |
| Annual Per SF | $2.38 |
| Net Operating Income | |
|---|---|
| Annual | $71,343 |
| Annual Per SF | $10.06 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,092 SF
Building Class
C
Year Built
1977
Price
$825,000
Price Per SF
$116.33
Cap Rate
8.65%
NOI
$71,343
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,092 SF
Building FAR
0.30
Lot Size
0.54 AC
Opportunity Zone
Yes
Zoning
GC - Commercial
Parking
20 Spaces (2.82 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Signage
- Wheelchair Accessible
- Central Heating
- Open-Plan
- Air Conditioning
- Smoke Detector
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 894728185002 | Total Assessment | $354,700 (2025) |
| Land Assessment | $94,800 (2025) | Annual Taxes | $10,044 ($1.42/SF) |
| Improvements Assessment | $259,900 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
894728185002
Land Assessment
$94,800 (2025)
Improvements Assessment
$259,900 (2025)
Total Assessment
$354,700 (2025)
Annual Taxes
$10,044 ($1.42/SF)
Tax Year
2024
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700 Jackson St
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