1033 Main StDubuque, IA 52001

Property Details for 1033 Main St

Year built

1906

Lot size

0.11 AC

Property size (Sq ft)

9,540 SF

Zone code

CI

Property type

Retail space

APN

10-24-459-011

APU

1024459011

Description

This exceptional mixed-use property, located at 1033 Main Street in Dubuque, Iowa, presents a unique investment opportunity. The building, totaling 9,500 square feet of net rentable space, is situated on a 0.11-acre lot (APN 1024459011) and is zoned C-4, allowing for a wide range of commercial uses. Currently, the building houses a long-established office supply store occupying 4,752 square feet on the main floor and a long-standing boutique bowling alley and bar occupying an equal amount of space on the second floor. The asking price is $275,000, translating to $28.95 per square foot. This prime downtown location offers high visibility and foot traffic. While no off-street parking is provided, the property's central location within Dubuque's vibrant Main Street district makes it an attractive proposition for a variety of businesses. The building's existing tenants provide a stable income stream, and the property's potential for renovation and modernization presents significant upside for the future. This is one of the last buildings available for updates and improvements on this desirable stretch of Main Street. The property's substantial size and flexible zoning make it an ideal investment for both seasoned and emerging commercial real estate investors. The zip code is 52001.

• CAP approach

  CAP return

  Valuation

  6%

  $2,532,164

  6.5%

  $2,337,382

  7%

  $2,170,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,440,698

  Geo Method

  $3,131,314

• Alternative Use

  Use

  Valuation

  Residential

  $1,971,669

  Hospitality

  $1,806,038

  Educational

  $1,502,602

  Medical

  $1,554,279

  Retail

  $2,337,382

Location Insight

City

Dubuque

County

Dubuque

State

Iowa

Latitude

42.5027

Longitude

-90.6685

CBSA code

20220

CBSA name

DUBUQUE, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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