1190 Roosevelt St Ext Dubuque, IA 52001
- Flex space
- 21,680 SF
- 1.87 lot acres
Current Use by Public Records
- Flex space
Property Details for 1190 Roosevelt St Ext
- Year built
- 1979
- Lot size
- 1.87 lot acres
- Property size
- 21,680 SF
- Property type
- Flex space
- APN
- 11-18-251-016
- APU
- 1118251016
Description
This exceptional investment opportunity presents a 27,070-square-foot free-standing industrial warehouse situated on a 1.87-acre lot in Dubuque, Iowa's Kerper Industrial Park. The property boasts a fully executed 10-year single-tenant lease, commencing May 1, 2024, and expiring April 30, 2034, ensuring consistent income. Strategically located with convenient access to US Highway 61, this Class B building offers a prime tri-state location. Recent upgrades include new exterior steel siding and steel man doors, complementing the fully paved lot. The warehouse features multiple drive-through bays with automatic door openers, an elevated cross-dock, and 21 dock-high doors. High ceilings (18 feet) accommodate various operational needs, supported by 3-phase/800A electric service and floor drains. Included are industrial air compressors, two 1-ton jib cranes, and one 2-ton overhead bridge crane. The building also includes ample office space, divided into lower and upper levels. The lower level comprises an entry/reception area, five offices, a restroom/locker room, and a utility closet. The upper level offers an office, two large conference rooms, and a break room with additional restrooms. Significant recent interior improvements enhance the property's functionality and appeal. The property is zoned for heavy industrial use and includes 20 parking spaces. This is a turnkey investment opportunity with strong lease terms and a desirable location. The building was constructed in 1979 and is a single-unit property. The APN is 1118251016.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,157,000
Market price range: $393k - $1.58M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $855,000 Current use
- RESTAURANT
- $1,725,000 Change: +102% Conversion: Difficult
- OFFICE BUILDING
- $1,510,000 Change: +77% Conversion: Difficult
- RETAIL STORES
- $910,000 Change: +6% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Dubuque
- County
- Dubuque
- State
- Iowa
- Longitude
- -90.6479
- Latitude
- 42.5245
- CBSA code
- 20220
- CBSA name
- DUBUQUE, IA METROPOLITAN STATISTICAL AREA
