Riverfront Restaurant and
For Sale
$2,440,000
1630 E 16th Ext, Dubuque, IA 52001
Restaurant and excursion operation with access by both vehicle and boat along the Mississippi River.
Property Size5,568 SF
Price / SF$438.22
Days on Market375
Property Features for 1630 E 16th Ext
General Information
Standard status
Active
Size
5,568 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
2005
Listing Agency:
Equity Real Estate Group, LLC
(608) 778-8224
Listed By:
Troy Timmerman · License #8537094
Source:
Viewhomesinwisconsin
Added: Aug 23, 2025
Changed: Aug 30
Last Checked: Aug 31 at 5:24PM
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 Equity Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This 5,568-square-foot restaurant and bar property was built in 2005 and is being offered with an established river cruise ship excursion business. The operation includes dining, beverage, and cruise-related components at a riverfront site on the Mississippi River.
Located at 1630 E 16th Ext in Dubuque, Iowa, the property can be reached by vehicle or boat. The business has operated for more than 20 years and serves both local and tourist traffic. The offering combines a physical restaurant property with an excursion operation in a single riverfront setting.
Located at 1630 E 16th Ext in Dubuque, Iowa, the property can be reached by vehicle or boat. The business has operated for more than 20 years and serves both local and tourist traffic. The offering combines a physical restaurant property with an excursion operation in a single riverfront setting.
Key Highlights
- 5,568‑square‑foot restaurant and bar property
- Built in 2005
- Includes a river cruise ship excursion business
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,852
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,517,040
$1.5M
Cap Rate 7%
$1,083,600
$1.1M
Cap Rate 9%
$842,800
$842.8K
Market Conditions
NOI Build-Up for 5,568 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$105.6K $18.96/SF
− Vacancy
−$4.4K −$0.80/SF
EGI
$101.1K $18.16/SF
− OpEx
−$25.3K −$4.54/SF
NOI
$75.9K $13.62/SF
Area
Dubuque County, IA
Vacancy
4.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,517,040
Cap Rate 7%
$1,083,600
Cap Rate 9%
$842,800
Alternative Uses
Best Use
Specialty Retail
$1.08M
$948.2K – $1.26M
NOI $75,852 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant and excursion operation with access by both vehicle and boat along the Mississippi River.
Where is this conventional restaurant located?
The property is located at 1630 E 16th Ext Dubuque, IA.
What is the asking price?
The asking price for this property is $2,440,000.
What are key features of this property?
This property features: 5,568‑square‑foot restaurant and bar property; Built in 2005; Includes a river cruise ship excursion business
