Nic Madsen

Sioux City IA

Gateway Real Estate Advisors

144 Closed Sales

$76.5M Total Value

$4.4K - $21.7M Price Range

$531.4K Average Price

Prior 5 years

About Nic

Nic started as an intern with NAI United in 2019 and was promoted to Commercial Associate and Director of Property Management upon graduating, with honors, from Morningside University.
Nic has sold over $100M in commercial real estate since 2020, based in part due to his confidence and determination. He works diligently to seek out investment opportunities for his clients. Nic’s niche is multifamily & self storage properties.

Although Nic stepped away from his duties as Director of Property Management in 2024, during his time as manager he increased property management revenue by over 200% by adding several hundred new units to the management company.

Home Types: Commercial, MultiFamily, Lot/Land, House

Years of Experience: 7

Education: Bachelors of Science in Business Administration & Marketing Morningside University in Sioux City, IA

Transaction History

1 Year
2 Year
5 Year

Seller Deals
Total Deals	13
Total Value	$32,544,200
Average Sale Price	$2,503,400
Price Range	$43K - $21.7M

Buyer Deals
Total Deals	1
Total Value	$400,000
Average Sale Price	$400,000

Seller Deals
Total Deals	25
Total Value	$37,738,596
Average Sale Price	$1,509,544
Price Range	$5K - $21.7M

Buyer Deals
Total Deals	3
Total Value	$621,111
Average Sale Price	$207,037
Price Range	$31K - $400K

Seller Deals
Total Deals	111
Total Value	$69,613,489
Average Sale Price	$627,149
Price Range	$5K - $21.7M

Buyer Deals
Total Deals	33
Total Value	$6,903,203
Average Sale Price	$209,188
Price Range	$4K - $1.2M

5 Year View

Neighborhoods Nic is Experienced In

Nic's Active Listings

$2,080,000
- 3 Beds
- 2 Baths
1000 S Crawford Rd

Vermillion, SD
Crawford Rising Apartments offers a rare combination of immediate income and long-term upside in a market that rarely disappoints. This stabilized 24-unit multifamily property in Vermillion, South Dakota is 100% occupied, nearly fully renovated, and supported by consistent demand from the University of South Dakota and the broader surrounding region. The offering is priced at $2,080,000 and

Nic Madsen Gateway Real Estate Advisors

$175,000
- 5 Beds
- 3 Baths
- 4,308 Sq Ft
21 W 1st St

Spencer, IA
21 W 1st Street | Spencer, IA Value-add opportunity in Spencer! This 6-plex offers strong upside for an investor ready to complete renovations and increase cash flow. The property has been partially remodeled, with 2 of the 6 units currently rented, providing immediate income. The remaining 4 units offer the ability to renovate, lease up, and significantly improve overall returns. With

Nic Madsen Gateway Real Estate Advisors

$399,900
- 8 Beds
- 4 Baths
- 2,729 Sq Ft
201 N French Ave

Sioux Falls, SD
Located at 201 N French Ave, this 2,792 SF 4-Plex is ideally positioned to take advantage of the growing demand for quality housing in Sioux Falls. The property consists of two lower units (3 Bed/1 Bath) and two upper units (1 Bed/1 Bath), offering a diverse mix of rental options to attract a wide range of tenants. Three of the four units have been recently renovated, providing comfortable living

Nic Madsen Gateway Real Estate Advisors

$314,900
- 4 Beds
- 2 Baths
- 2,000 Sq Ft
202 N French Ave

Sioux Falls, SD
202 N French Ave presents a compelling duplex investment opportunity in the heart of Sioux Falls, SD. This well-maintained property features two residential units and offers immediate cash flow through a flexible rental strategy, currently operated as a mix of mid-term and long-term rentals. Both units are fully furnished with utilities included in the rent, providing a turnkey solution for

Nic Madsen Gateway Real Estate Advisors

$385,000
- 7 Beds
- 2 Baths
- 12,576 Sq Ft
400 Mulberry St S

Sioux City, IA
Turnkey 6-unit investment in Sioux City! This historic ballroom/dance hall has been converted into spacious apartments featuring five 4-bedroom units and one 3-bedroom unit. The 6,288 sq. ft. building sits on 0.77 acres, generates $64,200 annually, and is fully occupied with a strong rental history. Each unit is separately metered, simplifying management and expenses—an ideal opportunity for

Nic Madsen Gateway Real Estate Advisors

$1,290,000
- 22 Beds
- 18 Baths
- 13,404 Sq Ft
2805 E Bragstad Dr

Sioux Falls, SD
2805-09 E Bragstad Dr presents a rare opportunity to acquire two side-by-side tri-plexes in Sioux Falls, SD, offering scale, strong in-place income, and value-add potential. The property consists of six total units, with four units recently renovated and two units remaining unrenovated, providing a clear path for future rent growth. The two unrenovated units are occupied by long-term tenants who

Nic Madsen Gateway Real Estate Advisors

Recently Sold

$256,000

Sold Jan 30, 2026
- 8 Beds
- 8 Baths
- 2,048 Sq Ft
616 Willow St

Aurelia, IA
- 7% Below List
- $125/SF
- 18 Days On Market
Nic Madsen Gateway Real Estate Advisors

$230,000

Sold Dec 28, 2023
- 20 Beds
- 12 Baths
- 6,592 Sq Ft
100 Olive Grove Ln

Bayard, IA
- $35/SF
Nic Madsen Gateway Real Estate Advisors

$700,000

Sold Dec 13, 2023
- 5 Beds
- 7 Baths
- 9,604 Sq Ft
110 N Douglas St

Elk Point, SD
- 7% Below List
- $73/SF
- 9 Days On Market
- Current Est. Value $585K
Nic Madsen Gateway Real Estate Advisors

$362,500

Sold Dec 13, 2023
- 16 Beds
- 8 Baths
- 6,240 Sq Ft
537 S 10th St

Estherville, IA
- 9% Below List
- $58/SF
- 131 Days On Market
Nic Madsen Gateway Real Estate Advisors

$1,650,000

Sold Dec 4, 2023
- Studio
- 64,114 Sq Ft
1713 F St

South Sioux City, NE
- $26/SF
- 0 Days On Market
- Current Est. Value $2M
Nic Madsen Gateway Real Estate Advisors

$200,000

Sold Oct 6, 2023
- 2 Beds
- 1 Bath
- 2,976 Sq Ft
303 E 3rd St

Everly, IA
- 20% Below List
- $67/SF
- 160 Days On Market
Nic Madsen Gateway Real Estate Advisors

$2,400,000

Sold Sep 20, 2023
- 6 Beds
- 4 Baths
- 86,865 Sq Ft
2110 Summit St

Sioux City, IA
- 8% Below List
- $28/SF
- 30 Days On Market
- Current Est. Value $119K
Nic Madsen Gateway Real Estate Advisors

$275,000

Sold Sep 13, 2023
- 10 Beds
- 12 Baths
- 4,400 Sq Ft
218 Kansas St

Sioux City, IA
- $62/SF
- 0 Days On Market
Nic Madsen Gateway Real Estate Advisors

$232,850

Sold Aug 13, 2023
- 4 Beds
- 4 Baths
- 900 Sq Ft
2116 S Saint Marys St

Sioux City, IA
- $259/SF
- Current Est. Value $215K
Nic Madsen Gateway Real Estate Advisors

Agent License: South Dakota 17948 Nebraska 20190619 Iowa s67281000

Nic Madsen

(712) 938-1233

Gateway Real Estate Advisors

(712) 938-1233

Homes for Sale by City

Nic Madsen

About Nic

Transaction History

Seller Deals

Buyer Deals

Seller Deals

Buyer Deals

Seller Deals

Buyer Deals

Production Over Time

5 Year View

Neighborhoods Nic is Experienced In

Nic's Listings and Deals

Nic's Active Listings

Recently Sold