Renovated Mixed-Use
For Sale
$749,000
1043 & 1053 Main St, Dubuque, IA 52001
Two retail spaces and two remodeled apartments provide four established income streams.
Property Size5,500 SF
Price / SF$136.18
Days on Market81
Property Features for 1043 & 1053 Main St
General Information
Standard status
Active
Size
5,500 SF
Occupancy
100%
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
private deck
dedicated garage space
off-street parking
Building Details
Year Built
1900
Buildings
2
Tenancy
Multi
Listing Agency:
Ruhl & Ruhl Realtors
Listed By:
Susan Swift
(563) 580-8935
Source:
Kwlegacyrealty
Added: Jul 27
Changed: Oct 9
Last Checked: Oct 7 at 4:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ruhl & Ruhl Realtors
Investment Insights
Based on property information with market context.
This offering combines the buildings at 1043 and 1053 Main St. into one mixed-use property totaling 5,500 square feet. The configuration includes two ground-floor retail spaces and two two-bedroom apartments, creating four separate income streams. The retail suites are occupied by established long-term tenants, while both apartments are currently rented.
The property has received comprehensive system replacements, including new mechanical, electrical, and plumbing components throughout both buildings. Each apartment has been remodeled and includes a private deck along with dedicated garage space. Additional off-street parking serves the retail and residential portions. Located in downtown Dubuque, the asset brings together commercial and residential uses within a single offering.
The property has received comprehensive system replacements, including new mechanical, electrical, and plumbing components throughout both buildings. Each apartment has been remodeled and includes a private deck along with dedicated garage space. Additional off-street parking serves the retail and residential portions. Located in downtown Dubuque, the asset brings together commercial and residential uses within a single offering.
Key Highlights
- Two combined parcels at 1043 and 1053 Main St.
- 5,500‑square‑foot mixed‑use property with four income streams
- Two ground‑floor retail spaces with established long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,771
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,420
$955.4K
Cap Rate 7%
$682,443
$682.4K
Cap Rate 9%
$530,789
$530.8K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$72.6K $13.20/SF
− Vacancy
−$4.4K −$0.79/SF
EGI
$68.2K $12.41/SF
− OpEx
−$20.5K −$3.72/SF
NOI
$47.8K $8.69/SF
Area
Dubuque County, IA
Vacancy
6.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,420
Cap Rate 7%
$682,443
Cap Rate 9%
$530,789
Alternative Uses
Best Use
Retail
$682.4K
$597.1K – $796.2K
NOI $47,771 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$597.4K
$522.7K – $697.0K
NOI $41,818 @ 7.0% cap · market cap 5.58%
Theoretical Best
Specialty Retail
$1.07M
$936.6K – $1.25M
NOI $74,925 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,656
Businesses Nearby
Explore this area
Business Placement
Demographics for 52001, IA
43,572
Population
20,102
Households
2.2
Avg Household Size
36
Median Age
30%
College-Educated
92%
High-School Grad
26.1 sq mi
ZIP Area
1,669
Density / Sq Mi
$60,882
Median Household Income
$35,571
Median Earnings
$916
Median Rent
$168,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two retail spaces and two remodeled apartments provide four established income streams.
Where is this mixed-use property located?
The property is located at 1043 & 1053 Main St Dubuque, IA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two combined parcels at 1043 and 1053 Main St.; 5,500‑square‑foot mixed‑use property with four income streams; Two ground‑floor retail spaces with established long‑term tenants
