Historic Williges & Private Parking Ramp
Office | 9.95% CAP | 69,203 SF
Marketing description
Historic Williges Building and private parking ramp in prime location between $73M newly restored Warrior Hotel (Marriott Autograph Collection), Orpheum Theatre, City Hall and County Courthouse. Sale includes the main floor Vriezelaar Law Firm office condo, 2nd floor McClure Engineering office condo, full basement with high clearance storage and the attached 121-stall private parking ramp.
The parking ramp is connected directly to every floor of the Williges Building via elevator. Both tenants have occupied the building since the 2014 full restoration of the mixed-use Williges. The sale does not include the SEDC office condo on 2nd floor and the 6 residential condos on 3rd floor. There is no public ramp in the NW quadrant of downtown, so neighborhood parking is in high demand. The basement could easily be converted to self-storage for tenants of the building creating additional income.
Investment highlights
Downtown Sioux City across the street from the newly restored $73M Warrior Hotel, Marriott Autograph Collection. Shares the block with City Hall and County Courthouse.
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