Office condominium in the heart of Downtown Sioux City's entertainment district. The Rehan Law Office currently occupies the space, which was completely remodeled in 2019. 2022 operating expenses, including utilities, were $8.25 PSF. Can be combined with a purchase of the 5,228 sq. ft. adjacent Unit 320 at the same price per square foot.
There are $46,000,000 of private funds being invested on three sides of the building; $23MM for the Badgerow to the west, $20MM for former Hilton to the north, and $2.75MM for the Riviera Theater to the east.
Featuring lots of natural light, the entire building has been remodeled and converted to Class A space. The building has direct 4th floor and skywalk level accesses to the adjacent Heritage Parking Ramp and direct skywalk access to the Sioux City Convention Center, Marriott Courtyard, Mercy One, Orpheum Theatre & Historic Pearl. Also adjacent is the Promenade 14 Cinema & Marto Brewing.
In the heart of Downtown Sioux City's entertainment district, just off I-29
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
