1190 Roosevelt St, Dubuque, IA 52001
This exceptional investment opportunity presents a 27,070 square foot free-standing Varco Pruden steel building situated on a 1.87-acre lot within Dubuque, Iowa's Kerper Industrial Park. Benefitting from a prime tri-state location with convenient access to US Highway 61, this property boasts a fully executed 10-year single-tenant lease commencing May 1, 2024, and expiring April 30, 2034, ensuring consistent rental income. Recent upgrades include new exterior steel siding and new steel man doors, enhancing both aesthetics and functionality. The fully paved lot provides ample space, complemented by multiple drive-through high-ceiling bays featuring automatic door openers. An elevated cross-dock facilitates efficient loading and unloading. The building is equipped with robust 3-phase/800A electric service, floor drains, and industrial air compressors. Significant material handling capabilities are provided by two 1-ton jib cranes and one 2-ton overhead bridge crane. The well-appointed office space is divided into lower and upper levels. The lower level comprises an entry/reception area, five individual offices, a restroom/locker room, and a utility closet. The upper level offers an additional office, two spacious conference rooms, and a break room with separate men's and women's restrooms. Numerous recent interior improvements further enhance the property's appeal and functionality, making this a truly compelling investment prospect. The asking price is $1,400,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.