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The Frances Building 505-511 5th St 92 000 pi² 100% Loué Bureau Immeuble Sioux City, IA 51101 3 788 125 $ CAD (41,18 $ 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.