619 Pierce StSioux City, IA 51101

This stunning three-story, 69,203 square foot Class A office building in Sioux City, Iowa, presents a unique investment opportunity. Built in 1917 and fully renovated in 2014, the property boasts a 9.12% cap rate and a strong 100% occupancy rate, generating a net operating income (NOI) of $109,417.49. The asking price is $1,200,000, translating to $17.34 per square foot. The property includes a valuable 121-stall private parking ramp directly connected to all three floors via elevator, a significant asset given the high demand for parking in this area. Currently, the building houses the Vriezelaar Law Firm and McClure Engineering, both long-term tenants since the 2014 renovation. The sale includes the main floor and second-floor office condos, and the full basement with high-clearance storage. The sale excludes the second-floor SEDC office condo and the six third-floor residential condos. The 0.52-acre lot is zoned DC and enjoys a prime downtown location, situated between the newly restored Warrior Hotel, Orpheum Theatre, City Hall, and County Courthouse. The high-clearance basement offers potential for conversion into additional income-generating self-storage units for building tenants. This property offers a compelling blend of historical charm, modern amenities, and strong financial performance. The APN is 894728304006; 894728313000.