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    OFF-MARKET
    Commercial real estate

    1190 Roosevelt St, Dubuque, IA 52001

    27,070 SF 1.87 ac lot Built 1979
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1979
    Total area 27,070 SF
    Lot 1.87 ac (81,457 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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