Building Details

Year Built 2005

Listing Agency: Equity Real Estate Group LLC

Listed By: Troy Timmerman · License #8537094 Show Phone

Source: Kwlegacyrealty

Added: Aug 26 Changed: Oct 4 Last Checked: Oct 7 at 5:13PM

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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 was built in 2005 along the Mississippi River. The operation includes a full bar, indoor dining, outdoor seating, and the American Lady Cruises business, which offers sightseeing, dinner, and happy hour excursions. The sale combines the restaurant operation with the cruise business.

Located at 1630 E 16th Ext St in Dubuque, the property can be reached by vehicle or boat. The surrounding area includes the ImOn Arena & Event Center, The Mystique and Diamond Jo Casinos, the Mississippi River Museum, the Millwork District, 5 Flags Event Center, a nearby campground, and multiple marinas. The restaurant and cruise operation has been established for more than 20 years.

Key Highlights

• 5,568‑square‑foot restaurant and bar built in 2005
• Mississippi River setting with access by vehicle and boat
• American Lady Cruises business included in the offering

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,852

Cap Rate

3.11%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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. How Realmo checks its estimates

Property Analytics

Current Use

American Marine Dubuque Marina American Lady Cruises (Bike/Boat/Book/etc) Store American Marine (Bike/Boat/Book/etc) Store Catfish Charlie's Bar & Pub

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Hair Salon Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

133

Businesses Nearby

Well-served

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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Includes indoor and outdoor dining areas, a full bar, and a river cruise excursion business.

Where is this conventional restaurant located?

The property is located at 1630 E 16th Ext St 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 built in 2005; Mississippi River setting with access by vehicle and boat; American Lady Cruises business included in the offering