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The Frances Building 505-511 5th St 92 000 pi² 100% Loué Bureau Immeuble Sioux City, IA 51101 3 759 883 $ CAD (40,87 $ CAD/pi²)
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Faits saillants de l'investissement
- One of Sioux City’s most recognized and admired historic buildings, offering irreplaceable architectural character and long-term prestige
- Scale and diversification across retail, restaurant, and office uses enhance income stability and leasing flexibility
- Upper-floor office spaces remain well-leased, reflecting ongoing demand for downtown office environments
- Over 100 years as a commercial centerpiece, demonstrating durability, adaptability, and sustained investment performance
- Ground-floor tenants contribute to downtown vibrancy and foot traffic, strengthening tenant retention and visibility
- Recent investments in elevators, roof, and restrooms reduce near-term capital needs and increase buyer confidence
Résumé de l'annonce
The iconic 8-story Frances Building stands as one of downtown Sioux City’s most recognizable architectural landmarks and a proven cornerstone of the local commercial landscape. With an estimated ±54,000 SF of rentable space, this historic asset has served as a vibrant hub for commerce in the heart of Siouxland for more than a century, combining timeless character with enduring investment performance.
The building offers a dynamic mixed-use environment, featuring street-level restaurant and retail tenants that energize the downtown streetscape, while upper-floor office suites maintain strong occupancy and consistent demand. This balanced tenant mix enhances both income stability and long-term leasing appeal. Ownership has demonstrated a commitment to preserving the Frances Building’s reputation as a desirable and functional workplace, completing meaningful capital improvements including elevator system upgrades, roof replacement, and modernized restrooms.
These investments position the property for continued performance while retaining the historic charm that sets it apart in the downtown market. The Frances Building represents a rare opportunity to acquire a well-maintained, income-producing historic asset with scale, character, and a long-standing record of success in Sioux City’s central business district.
The building offers a dynamic mixed-use environment, featuring street-level restaurant and retail tenants that energize the downtown streetscape, while upper-floor office suites maintain strong occupancy and consistent demand. This balanced tenant mix enhances both income stability and long-term leasing appeal. Ownership has demonstrated a commitment to preserving the Frances Building’s reputation as a desirable and functional workplace, completing meaningful capital improvements including elevator system upgrades, roof replacement, and modernized restrooms.
These investments position the property for continued performance while retaining the historic charm that sets it apart in the downtown market. The Frances Building represents a rare opportunity to acquire a well-maintained, income-producing historic asset with scale, character, and a long-standing record of success in Sioux City’s central business district.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Bureau
Taille du bâtiment
92 000 pi²
Classe d’immeuble
C
Année de construction
1919
Prix
3 759 883 $ CAD
Prix par pi²
40,87 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
8 étages
Superficie de plancher typique
11 500 pi²
Coefficient d’occupation des sols de l’immeuble
6,21
Taille du lot
0,34 AC
Zone de développement économique
Oui
Zonage
DC - Commercial
Commodités
- Accès 24 heures
- Ligne d'autobus
- Accès contrôlé
- Skyway
- Climatisation
1 1
Walk Score®
Un paradis pour un marcheur (90)
Impôts fonciers
| Numéro de lot | 894728329003 | Évaluation des bâtiments | 2 441 326 $ CAD |
| Évaluation du terrain | 112 796 $ CAD | Évaluation totale | 2 554 122 $ CAD |
Impôts fonciers
Numéro de lot
894728329003
Évaluation du terrain
112 796 $ CAD
Évaluation des bâtiments
2 441 326 $ CAD
Évaluation totale
2 554 122 $ CAD
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Vidéos
Visite extérieure 3D Matterport
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Photos
Vue depuis la rue
Rue
Carte
1 de 1
Présenté par
LPT Realty
The Frances Building | 505-511 5th St
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