Historic Dubuque Hotel with
36 W 4th St, Dubuque, IA 52001
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54-room hotel with established bar in downtown Dubuque, Iowa.
Type:Hospitality, Multifamily
Property size:
29,442 SFPrice / SF:
$42/SF- Added:
- Oct 16, 2024
- Days on Market:
- 585
- Last Refresh:
- May 12 at 9:59 pm
Property Features for 36 W 4th St
General Information
- Standard status
- Active
- Size
- 29,442 SF
- Property subtype
- Hospitality, Multifamily
Building Details
- Year Built
- 1927
Listing agent Jon Fisher License #TX 819440
Listing office Mr. Landman (217) 202-0924
Listing date Oct 16, 2024
Source Crexi
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 Mr. Landman
HighLights
- Prime downtown Dubuque location in a growing tourist destination
- Established on‑site bar with a strong local following and transferable liquor license
- Significant recent mechanical upgrades, including a new central AC unit
- Fully staffed hotel with experienced hotel and bar managers in place
- Opportunity to increase revenue through dynamic pricing and online booking platforms
- Mix of nightly and extended‑stay rooms provides flexible revenue streams
Overview
The Canfield Hotel, a six-story historic property, is located at 36th W 4th Street in Dubuque, Iowa. This 29,442 square foot hotel features classic brick architecture and contains 54 rooms. The room breakdown includes 6 standard rooms with 1 queen bed, 42 standard rooms with 1 double bed, 1 family room with 2 queen beds, and 5 family rooms with 2 double beds. The 4th and 5th floors have undergone recent upgrades, featuring new carpet, paint, furniture, and bedding. The hotel has a new central AC unit installed in 2023, a new water heater installed in 2023, electrical upgrades on the 4th and 5th floors completed in 2023, and a rubber roof maintained and updated in 2022. The hotel features two commercial-grade washers and dryers and utilizes a key-entry system for its guest rooms. There is also a dedicated parking lot across the street for overflow parking. The hotel has an onsite bar that can accommodate up to 100 guests, complies with all fire and safety regulations, and comes fully equipped with a karaoke system, lighting, and a transferable liquor license. The sale also includes approximately $22,000 in bar inventory. The hotel is fully staffed, with a hotel manager and bar manager already in place. The Canfield Hotel offers flexible revenue streams with a mix of nightly guests and extended stay tenants. Currently, 24-30 rooms are utilized for extended stay guests, with the remaining rooms available for nightly rentals. Nightly rates range from $70-80 per night, and extended stay rates range from $750-1200/month. The average daily rental rate is $45, with current occupancy at 55%. The property is located in Dubuque, Iowa, a regional tourist destination featuring the city's unique architecture, casinos and river location.
Property Profile
Location Intelligence
Current Use by Public Records
Rainbow Lounge
Bar & Pub
Location Insight
- Map
- Local Demand
- City
- Dubuque
- County
- Dubuque
- State
- Iowa
- Longitude
- -90.663657
- Latitude
- 42.4979118
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FAQs
What type of property is this?
Hotel - 54-room hotel with established bar in downtown Dubuque, Iowa.
Where is this hotel located?
The property is located at 36 W 4th St Dubuque, IA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime downtown Dubuque location in a growing tourist destination; Established on‑site bar with a strong local following and transferable liquor license; Significant recent mechanical upgrades, including a new central AC unit
