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1398 Central Ave Dubuque, IA 52001

Sponsored
For Sale
$3,300,000

Class A, 49,080 sq ft, high potential

Property size:
49,080 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional Class A mixed-use property, located at 1398 Central Avenue in the heart of Dubuque, Iowa, presents a unique investment opportunity. The 49,080 square foot building, constructed in 1922 with significant renovations in 2018, boasts a three-story design and sits on a 1.99-acre lot. Currently operating as a bank, the property features a grand main floor lobby, ornate details, high ceilings, a passenger elevator, and original bank vaults. The second floor underwent extensive updates in 2018-2019 and includes existing furniture. The C-4 zoning allows for diverse uses, including commercial, multi-family conversion, condos, and mixed-use development. The sale includes six parcels (1024413014, 1024434005, 1024429004, 1024429005, 1024429003, 1024408020) providing 148 parking spaces and a storage garage. Two parcels feature billboards generating additional income. The asking price is $3,300,000 ($67.24/sq ft). An adjacent property (1301 Central Avenue) is also available for purchase, connected via an underground conditioned walkway included in this sale. This presents a rare campus development opportunity. The property's prime downtown location offers easy access to dining, retail, and entertainment. City incentives may be available. Floor plans are available from the Dubuque County Assessor's site.

Property Features for 1398 Central Ave

General Information

Property type
Multifamily properties
Square Feet
49,080 SF
Class
A
Lot Size
86,684 SF

Building Details

Year Renovated
2018
Buildings
1
Stories
3

HighLights

  • $3,300,000 asking price for a Class A mixed‑use property.
  • 49,080 square feet on a 1.99‑acre lot, with a price per square foot of $67.24.
  • Three‑story building constructed in 1922 and 1993, extensively renovated in 2018.
  • Located in downtown Dubuque, IA at 1398 Central Ave, with C‑4 zoning.
  • Includes six parcels with 148 parking spaces and a storage garage, plus two billboard spaces generating income.
  • Features a main floor grand lobby, ornate details, high ceilings, passenger elevator, and original bank vaults; second floor extensively updated in 2018/2019.
Property Profile Location Intelligence

Current Use by Public Records

DB&T Insurance Inc. Insurance Agency

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Dubuque
County
Dubuque
State
Iowa
Longitude
-90.6672989
Latitude
42.5061849

FAQs

What type of property is this?
Multifamily property - Class A, 49,080 sq ft, high potential
Where is this multifamily property located?
The property is located at 1398 Central Ave Dubuque, IA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: $3,300,000 asking price for a Class A mixed-use property.; 49,080 square feet on a 1.99-acre lot, with a price per square foot of $67.24.; Three-story building constructed in 1922 and 1993, extensively renovated in 2018.
More about this property
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