Big Box Site | Northern Landing

NE Outer Drive & US Business 75 Sioux City, IA 51108

NE Outer Drive & US Business 75, Sioux City, IA, 51108
NE Outer Drive & US Business 75, Sioux City, IA, 51108
FOR SALE
Property Type:
Other Land
Amount:
$4,835,160
Last Verified:
Oct 17, 2024

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Description

Sioux City's next retail big box site seeking a developer. 20 to 37 acres, all within a federal Opportunity Zone. Perfect site to capture some of Walmart's market share with a 2nd Target, 5th Hy-Vee or Costco on the underserved northside!

The City has blessed the mixed-use concept plan for re-zoning of this site along with the adjacent 206 acres and will likely provide tax increment financing for infrastructure. Zoned General Commercial. Sioux City IA-NE-SD MSA population is 145,940, but retail trade market pulls from a 350,000 population.

Annual property taxes are approximately $1,466.

NE Corner of US Business 75 & Outer Drive

Lot Size: 37.0 acres


Documents

Big Box Site | Northern Landing

Map of NE Outer Drive & US Business 75, Sioux City, IA, 51108

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What are Real Estate Incentives?

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.