310 2Nd StDyersville, IA 52040

Property Details for 310 2Nd St

Year built

1900

Lot size

0.51 AC

Property size (Sq ft)

12,530 SF

Property type

Retail space

APN

07-31-252-009

APU

731252009

Description

This exceptional mixed-use property in Dyersville, Iowa, presents a unique investment opportunity. Located at 310 2nd St SE, this 18,000 square foot building, constructed in 1860 and renovated in 2022, sits on a 0.51-acre lot (APN 0731252009) and is zoned for commercial use. The property comprises five interconnected units: two brick, two limestone, and one metal structure (circa 1954). Two leased apartments, totaling 3,046 square feet, offer stunning river and Basilica views. A 1,116 square foot street-level space boasts high ceilings and excellent corner store potential. Four adjacent limestone spaces on the river level are ideal for a restaurant or bar, with existing restaurant concepts available. Two remarkable limestone caverns, totaling 2,256 square feet, offer unique possibilities. A 4,000 square foot metal structure features three loading docks, suitable for a sports center. The property includes ample parking for 30 vehicles. Its proximity to the Field of Dreams and downtown Dyersville makes it an attractive investment, benefiting from the area's tourism. The property's rich history, including its use as a brewery, adds to its character and appeal. The building's recent $1,000,000 renovation enhances its value and functionality. This property offers a blend of historical charm and modern amenities, presenting a compelling investment opportunity in a thriving location. The asking price is $995,000 ($55.28/sq ft).

• CAP approach

  CAP return

  Valuation

  6%

  $3,031,987

  6.5%

  $2,798,757

  7%

  $2,598,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,611,619

  Geo Method

  $1,611,619

• Alternative Use

  Use

  Valuation

  Residential

  $2,360,856

  Hospitality

  $2,162,532

  Educational

  $1,799,201

  Medical

  $1,861,078

  Retail

  $2,798,757

Location Insight

City

Dyersville

County

Dubuque

State

Iowa

Latitude

42.4825

Longitude

-91.1233

CBSA code

20220

CBSA name

DUBUQUE, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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