131 10Th StDubuque, IA 52001

Property Details for 131 10Th St

Year built

1956

Lot size

0.13 AC

Property size (Sq ft)

22,180 SF

Zone code

CI

Property type

Office buildings

APN

10-24-460-010

APU

1024460010

Description

This exceptional Class A office building, located at 131 W 10th St in Dubuque, IA 52001, offers a variety of flexible spaces ideal for executive offices, coworking, creative offices, medical offices, or traditional office setups. The 25,000 square foot building, constructed in 1956 and extensively renovated in 2009, features four stories, each offering approximately 5,000 square feet of divisible space with a minimum leasable area of 5,000 square feet and 15,000 square feet currently vacant. The building is conveniently situated across from a city parking lot and within walking distance of other downtown businesses. Amenities include a single elevator, restrooms on each floor, a loading dock with elevator access, and abundant natural light from windows exceeding five feet in height. The lower level provides shared kitchen and lunchroom facilities, along with training rooms. The building's energy-efficient geothermal HVAC system contributes to lower utility costs. The property is zoned Commercial C4. Lease rates are $9 per square foot, plus utilities, and a monthly operating expense of $4.98 per square foot. This is a prime opportunity for businesses seeking a modern, well-maintained, and conveniently located office space in the heart of Dubuque.

• CAP approach

  CAP return

  Valuation

  6%

  $4,004,862

  6.5%

  $3,696,796

  7%

  $3,432,739

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,251,784

  Geo Method

  $2,888,945

• Alternative Use

  Use

  Valuation

  Residential

  $4,584,027

  Hospitality

  $4,198,944

  Educational

  $3,493,472

  Medical

  $3,613,618

  Retail

  $5,434,290

Location Insight

City

Dubuque

County

Dubuque

State

Iowa

Latitude

42.5029

Longitude

-90.6673

CBSA code

20220

CBSA name

DUBUQUE, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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