1398 Central Ave Dubuque, IA 52001

This exceptional Class A mixed-use property, located at 1398 Central Avenue in the heart of Dubuque, Iowa, presents a unique investment opportunity. The 49,080 square foot building, constructed in 1922 with significant renovations in 2018, boasts a three-story design and sits on a 1.99-acre lot. Currently operating as a bank, the property features a grand main floor lobby, ornate details, high ceilings, a passenger elevator, and original bank vaults. The second floor underwent extensive updates in 2018-2019 and includes existing furniture. The C-4 zoning allows for diverse uses, including commercial, multi-family conversion, condos, and mixed-use development. The sale includes six parcels (1024413014, 1024434005, 1024429004, 1024429005, 1024429003, 1024408020) providing 148 parking spaces and a storage garage. Two parcels feature billboards generating additional income. The asking price is $3,300,000 ($67.24/sq ft). An adjacent property (1301 Central Avenue) is also available for purchase, connected via an underground conditioned walkway included in this sale. This presents a rare campus development opportunity. The property's prime downtown location offers easy access to dining, retail, and entertainment. City incentives may be available. Floor plans are available from the Dubuque County Assessor's site.