2020 Indian Hills DrSioux City, IA 51104

For Sale
$445,000

High-Cap Rate Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional Class B office building in Sioux City, IA, presents a compelling investment opportunity with an 8.79% cap rate. Located at 2020 Indian Hills Dr, this two-story, 6,016 square foot property boasts 30 parking spaces on a 0.33-acre lot. The main floor is currently leased to Aveanna Home Health until July 31, 2028, providing immediate income. The lower level offers versatile space ideal for an owner-user or additional lease income. The building features a reception area, eight large private offices, a conference room, coffee bar, storage room, and two restrooms on the main floor. The lower level includes a private office, male and female restrooms, a kitchenette, and a large open bullpen area. The property is zoned SC and features ample off-street parking. The building was constructed in 2000 and has an APN of 894710380011. This is a rare opportunity to acquire a well-maintained, income-producing office building in a desirable location. The asking price is $445,000. Don't miss this chance to add a high-yield asset to your portfolio.

Highlights

  • $445,000 asking price.
  • 6,016 square foot Class B office building.
  • 8.79% cap rate.
  • Located at 2020 Indian Hills Dr, Sioux City, IA 51104.
  • Main floor currently leased to Aveanna Home Health through 7/31/28.
  • Basement space available for owner-user or lease.

Property Details for 2020 Indian Hills Dr

Property type
Other office properties, Office properties
Square Feet
6,016 SF
Class
B
Year Built
2000
Stories
2
Lot Size (sq. ft)
14,375 SF

Location Insight

City
Sioux City
County
Woodbury
State
Iowa
Latitude
42.534155
Longitude
-96.3845744
2020 Indian Hills Dr, Sioux City, Iowa

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2020 Indian Hills Dr
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