Commercial Redevelopment Site next to Regional Shopping Mall / Vacant Nursing Home, Sioux City, Iowa
Unlimited opportunity for successful development in a thriving commercial district experiencing rapid growth.
This prime mixed-use commercial redevelopment site located next to the new 500,000 square feet of leasable area Lakeport Commons Lifestyle Shopping Center. Adjacent to NW Iowa's only regional shopping center - Southern Hills Mall.
Major anchor stores and high end retail outlets for this unique tri-state (IA, NE & SD) trade area include: Kohl’s, Best Buy, Target, JC Penney, Sears, Lowe’s, Hy-Vee, Scheels, Barnes & Noble, Michaels, Petsmart, Ann Taylor Loft, David's Bridal, Talbot’s, Younkers, Cineplex Theatre, Old Navy, Gap to only name a few. Lakeport Commons also features many dinning establishments such as Buffalo Wild Wings, Texas Road House, Olive Garden, Red Robin, Starbucks and others – both existing and planned.
Over 108,000 sq. ft. of land with direct access from South Lakeport St. Property is a vacant former nursing home built in 1973. Building contains 28,673 sq. ft. Good condition with lots of parking. Level lot with all utilities in place. 2008 demographics for the 3 mile radius of this area showed a population of 27,000+ people and an average household income of $64,866 – making this a target area for commercial development.
Located just off Interstate 29 bypass and US Highways 20, 75 & 77, which serve a 3 state trade area.
Ideal for multiple uses:
- Retail or Commercial Development
- Professional Offices
- Multi-family
- Assisted Living or Medical Offices
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Contact info:
Arlene Curry, NAI LeGrand & Company
(712) 277-1070 phone
(712) 277-1072 fax
ArleneCurry@legrandrealestate.com
NAI LeGrand & Company
500 6th Street
PO Box 506
Sioux City, IA 51102
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Map: http://maps.live.com/?v=2&where1=3420%20Old%20Lakeport%20Rd%2C%20Sioux%20City%2C%20IA%2051106-4529&encType=1
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Comparable Land Sales Near 3420 Old Lakeport Road:
| | | | | | | | |
| SALE | PROPERTY | SALE | LAND | | SALE | PRICE/ | BUYER’S | |
| # | ADDRESS | DATE | AREA | ZON | PRICE | SQ.FT. | USE | |
| | | | | | | | | |
| ( 1) | 5811 Sunnybrook Drive | 6/05 | 68,389 sf | BG | $ 768,128 | $11.23 | Strip Center | |
| ( 2) | 5700 Sunnybrook Drive | 6/05 | 65,166 sf | BG | $ 731,872 | $11.23 | Strip Center | |
| ( 3) | 4830 Sergeant Road | 9/05 | 50,060 sf | BG | $ 800,960 | $16.00 | Jewelry Store | |
| ( 4) | 4900 Sergeant Road | 9/05 | 72,300 sf | BG | $1,275,000 | $17.63 | Red Robin | |
| ( 5) | 5801 Sunnybrook Drive | 5/06 | 67,950 sf | BG | $ 815,400 | $12.00 | Bank | |
| ( 6) | 4930 Sergeant Road | 7/06 | 86,956 sf | BG | $1,300,000 | $14.95 | Olive Garden | |
| ( 7) | 5680 Sunnybrook Drive | 1/07 | 38,920 sf | BG | $ 650,000 | $16.70 | Bank | |
| ( 8) | 6001 Sunnybrook Drive | 3/08 | 46,290 sf | BG | $ 555,480 | $12.00 | Strip Center | |
| ( 9) | 5550 Sergeant Road | 7/08 | 100,250 sf | BG | $1,037,608 | $10.35 | Medical Office | |
| (10) | 5776 Sergeant Road | ASK. | 167,009 sf | BG | $1,419,576 | $ 8.50 | For Sale | |
| (11) | Southern Hills Drive | ASK. | 174,240 sf | BGC | $1,742,400 | $10.00 | For Sale | |
| (12) | Southern Hills Drive | ASK. | 108,029 sf | BGC | $1,323,355 | $12.25 | For Sale | |
| | | | | | | | | |
Source: NAI LeGrand & Company and Sioux City Assessor
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