703 Bluff StDubuque, IA 52001

Property Details for 703 Bluff St

Year built

1896

Lot size

0.05 AC

Property size (Sq ft)

2,974 SF

Zone code

CI

Property type

Investment properties

Property subtype

Live-work space

APN

10-25-207-023

APU

1025207023

Description

This historic three-story building, constructed in 1896, presents a unique mixed-use investment opportunity in Dubuque, Iowa. Located at 703 Bluff Street, this property boasts a total of three units: one commercial/retail space and two residential apartments. The building sits on a 2,200 square foot lot and is zoned for both commercial and residential use, offering flexibility for future development. Currently, the property enjoys full occupancy, with the office space renting for $695 per month, and the apartments renting for $675 and $595 per month respectively. The current owner is open to leasing the office space and providing a lease agreement to the new buyer, further enhancing the immediate cash flow potential. This property is ideally situated near Washington Park and the business district, offering convenient access to amenities and a vibrant community. The APN is 1025207023. This represents a compelling opportunity to acquire a piece of Dubuque's history and establish a strong, income-generating asset. The building's prime location and existing rental income make it an attractive addition to any investment portfolio or a perfect starting point for a new investor.

• CAP approach

  CAP return

  Valuation

  6%

  $536,991

  6.5%

  $495,684

  7%

  $460,278

• Comparable approach

  Method

  Valuation

  Relative Method

  $301,930

  Geo Method

  $387,364

• Alternative Use

  Use

  Valuation

  Residential

  $614,648

  Hospitality

  $563,014

  Educational

  $468,421

  Medical

  $484,531

  Retail

  $728,656

Location Insight

City

Dubuque

County

Dubuque

State

Iowa

Latitude

42.4993

Longitude

-90.6692

CBSA code

20220

CBSA name

DUBUQUE, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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