Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled Commercial Space in Dubuque Title is generated by Realmo AI

    799 Main Street, Dubuque, IA 52001

    View on Map
    Claim this Listing
    For Lease
    $12 SF/Yr

    COMMERCIAL - Dubuque, IA

    Added:
    Apr 1, 2026
    Days on Market:
    61
    Last Refresh:
    May 30 at 11:06 pm

    Property Features for 799 Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    commercial
    Bathrooms
    6
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 5, Bathroom 6, Basement, Bathroom 4, Bathroom 3
    Basement
    Full
    Standard status
    Active
    APN
    1025204002

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1906
    Floors in Building
    4
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Rubber

    We can help!

    Listing Contact
    Jerry Elbert
    Jerry Elbert

    Listing agent Jerry Elbert

    Listing office EXIT Unlimited 1200 Cedar Cross Road, Dubuque, IA

    Listing date Apr 1, 2026

    MLS# 154263

    Copyright © 2026 East Central Iowa Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    This commercial space is located in the newly remodeled Nesler Center at 799 Main Street in Dubuque, IA. The property is zoned for commercial use and suitable for an office, restaurant, or other business. The location is described as an up-and-coming area with vibrant activity. The building will also house over 40 new apartments. The University of Dubuque medical college is also coming to the area, which is expected to increase activity in this part of Main Street. The List Price is $12.
    Property Profile Location Intelligence

    Current Use by Public Records

    Amy K. Crow ... Physician Mary M. Drury, ... Physician Serenity Therapy, LLC Mental Health Clinic SRB Counseling Medical Clinic Carol Lippe Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dubuque
    County
    Dubuque
    State
    Iowa
    Longitude
    -90.6672133
    Latitude
    42.5005712

    Nearby Similar for Lease

    • $9 SF/Yr
      14,000 SF

      Downtown Dubuque Office Space Available

      Iconic building, flexible space, great views, convenient location.
      801 Bluff Street, Dubuque, IA 52001
      View Details
    • $11 SF/Yr
      7,811 SF

      Retail/Office Space on JFK

      High visibility retail/office space available for lease August 1st.
      2200 John F Kennedy Road, Dubuque, IA 52001
      View Details
    • $4,500/Mo
      6,000 SF

      Commercial Building Near Highway 20

      Commercial building with warehouse and office space for lease.
      8301 Seippel Court, Dubuque, IA 52002
      View Details
    • $12 SF/Yr
      2,031 SF

      Downtown Commercial Space Available

      First-floor commercial space in the heart of downtown Dubuque.
      123 Main Street, Dubuque, IA 52001
      View Details
    • $12 SF/Yr
      10,154 SF

      Restaurant and Bar Space Available

      Restaurant/bar space in historic building with outdoor patio.
      101 Main Street, Dubuque, IA 52001
      View Details
    • $5 SF/Yr
      13,296 SF

      Versatile Commercial Property in Dubuque

      Multi-building commercial property ideal for contractors, trucking, warehousing, or wholesale.
      1000 Century Circle, Dubuque, IA 52002
      View Details
    • $8 SF/Yr
      4,000 SF

      Retail Space Near Natural Grocers

      High-visibility retail space next to Natural Grocers on Asbury Rd.
      3333 Asbury Road, Dubuque, IA 52002
      View Details
    • $12 SF/Yr
      7,000 SF

      Dubuque Commercial Space For Rent

      High-visibility commercial space with flexible layout and ample parking.
      700 Cedar Cross Road, Dubuque, IA 52003
      View Details
    • $1,200/Mo
      1,012 SF

      Downtown Dubuque Commercial Space

      1,012 SF lower-level space in vibrant downtown Dubuque.
      300 Main Street, Dubuque, IA 52001
      View Details
    • $380/Mo
      295 SF

      Commercial Studio Space in Dubuque

      Semi-private commercial space in the Historic Millwork District.
      900 Jackson Street, Dubuque, IA 52001
      View Details
    • $475/Mo

      Professional Office Space Available

      Cost-effective private offices with shared amenities in a convenient location.
      3255 Foothill Court, Dubuque, IA 52001-0840
      View Details
    • $2,400/Mo
      2,024 SF

      Downtown Dubuque Commercial Space Available

      Versatile 2,024 SF commercial space in vibrant downtown Dubuque.
      300 Main Street, Dubuque, IA 52001
      View Details

    FAQs

    What type of property is this?
    Retail space - Newly remodeled commercial space in up and coming Dubuque area.
    Where is this retail space located?
    The property is located at 799 Main Street Dubuque, IA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    (319) 541-3381
    We can help!
    Listing Contact
    Jerry Elbert
    Jerry Elbert
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    799 Main Street, Dubuque, IA 52001
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!