Former Bar Louie Restaurant 701 Gordon Dr

701 Gordon Dr , Sioux City, Iowa, 51101 | 5,380 sq.f | $ 1,900,000

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About This Restaurant

Investment Highlights

Executive Summary

Former Bar Louie restaurant at the entrance to Downtown Sioux City. Includes FF&E, except for proprietary Bar Louie furniture. Potential for drive-thru on west wall of restaurant. Includes 1,648 sf of beautiful outdoor patios with fireplaces. Owner spent $4m creating Bar Louie in 2018. Will need to provide room service and conference service to connected and completely renovated Doubletree by Hilton fall of 2024. Restaurant has shared access to large common restrooms in hotel lobby in addition to its own private restrooms. Direct kitchen access to service two hotel conference rooms. New PepperJax Grill to open next door fall of 2024. Join Famous Dave's BBQ, Burger King, Walgreen's, Perkins, Chili's, Scooter's Coffee, Arby's, Hardee's, Kum & Go & Avid Hotel, all within a couple of blocks. Traffic counts of 23,600 vehicles per day (VPD) on Gordon Drive (US Business 20) and 36,600 VPD on I-29.

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    5,380
  • Building Class    C
  • Year Built/Renovated    1973/2018
  • Price    1,900,000
  • Price Per SF    353
  • Percent Leased    100
  • Building Height    1 Story
  • Building FAR    0.10
  • Land Acres    1.23 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Property Taxes

Parcel Number 894728383005 Improvements Assessment $1,345,900
Land Assessment $2,547,300 Total Assessment $3,893,200
Date Created: 2024-07-16 04:13:37 Last Updated: 2024-07-16 04:13:37
Address: 701 Gordon Dr , Sioux City, Iowa, 51101