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    Of Hwy 61/151 Opas Dubuque, IA 52001

    Sponsored
    For Lease
    $114,156

    2.8-acre commercial lot, ideal location.

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.8-acre commercial lot presents a unique investment opportunity in Dubuque County. Zoned C3 General Commercial, this level to rolling terrain offers significant potential for development. The property's APN is 11-19-152-005. The City of Dubuque has established minimum lease terms of $114,156 annually, subject to an annual cost-of-living adjustment, with a maximum lease term of 25 years. Prospective buyers are responsible for conducting all necessary due diligence, including surveys, testing, inspections, and investigations. The property is sold "as is, where is" with all faults. Proposals must include a proposed purchase price or first-year rent, a detailed description of the intended use, a comprehensive redevelopment budget, and information on the development team's qualifications and experience with similar projects. Two project references are required. All proposals will undergo review by City staff before being presented to the Dubuque City Council. Four copies of all proposals and purchase agreements must be submitted to the City of Dubuque Economic Development Department.

    Property Features for 0 Of Hwy 61/151 Opas

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF
    Total Rate
    114156

    Unit(s) available at that property

    Space
    Available space
    Size
    121,968 SF
    Rate per SF
    $114,156

    HighLights

    • 2.8‑acre commercial lot in Dubuque County.
    • C3 General Commercial zoning.
    • Single‑tenant property.
    • APN: 11‑19‑152‑005.
    • City of Dubuque requires minimum annual lease of $114,156 (plus annual COLA, max 25‑year lease).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Dubuque
    County
    Dubuque
    State
    Iowa
    Longitude
    -90.6962853
    Latitude
    42.5292381

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    FAQs

    What type of property is this?
    Land - 2.8-acre commercial lot, ideal location.
    Where is this land located?
    The property is located at Of Hwy 61/151 Opas Dubuque, IA.
    What is the lease rate?
    The lease rate is $114,156.
    What are key features of this property?
    This property features: 2.8-acre commercial lot in Dubuque County.; C3 General Commercial zoning.; Single-tenant property.
    Request Owner's contact information
    Of Hwy 61/151 Opas Dubuque, IA 52001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Of Hwy 61/151 Opas Dubuque, IA 52001
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