Divisible Retail
2197 UNIVERSITY AVE, Dubuque, IA 52001
For Sale
Contact for pricing
Separate metering and a flexible floor plan allow the space to function as one unit or up to three.
Property Size4,351 SF
Price / SF$126.41
Days on Market25
Property Features for 2197 UNIVERSITY AVE
General Information
Standard status
Size
Property subtype
Site & Location
Traffic Count
Utilities to Site
Amenities
on-site parking
Building Details
Buildings
Listing Agency:
Equity Real Estate Group
Listed By:
Karl Dolter · License IA S61488000
(563) 542-6829
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 3:43PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,351-square-foot retail building has an interior that can be divided into as many as three units, each with separate metering. On-site parking is included, and the layout can also accommodate office use as well as retail use.
The property is on a corridor carrying 20,000 vehicles per day, with access to areas throughout town.
The property is on a corridor carrying 20,000 vehicles per day, with access to areas throughout town.
Key Highlights
- 4,351‑square‑foot retail building
- Separate meters support up to three units
- Floor plan can be divided into multiple spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,791
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,820
$755.8K
Cap Rate 7%
$539,871
$539.9K
Cap Rate 9%
$419,900
$419.9K
Market Conditions
NOI Build-Up for 4,351 SF
Gross rent
$57.4K $13.20/SF
− Vacancy
−$3.4K −$0.79/SF
EGI
$54.0K $12.41/SF
− OpEx
−$16.2K −$3.72/SF
NOI
$37.8K $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%
$755,820
Cap Rate 7%
$539,871
Cap Rate 9%
$419,900
Alternative Uses
Best Use
Retail
$539.9K
$472.4K – $629.9K
NOI $37,791 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$846.8K
$740.9K – $987.9K
NOI $59,273 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
776
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Separate metering and a flexible floor plan allow the space to function as one unit or up to three.
Where is this retail space located?
The property is located at 2197 UNIVERSITY AVE Dubuque, IA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,351‑square‑foot retail building; Separate meters support up to three units; Floor plan can be divided into multiple spaces
