310 2nd SE St Dyersville, IA 52040-1600
This exceptional mixed-use property in Dyersville, Iowa, presents a unique investment opportunity. Located at 310 2nd St SE, this 18,000 square foot building, constructed in 1860 and renovated in 2022, sits on a 0.51-acre lot (APN 0731252009) and is zoned for commercial use. The property comprises five interconnected units: two brick, two limestone, and one metal structure (circa 1954). Two leased apartments, totaling 3,046 square feet, offer stunning river and Basilica views. A 1,116 square foot street-level space boasts high ceilings and excellent corner store potential. Four adjacent limestone spaces on the river level are ideal for a restaurant or bar, with existing restaurant concepts available. Two remarkable limestone caverns, totaling 2,256 square feet, offer unique possibilities. A 4,000 square foot metal structure features three loading docks, suitable for a sports center. The property includes ample parking for 30 vehicles. Its proximity to the Field of Dreams and downtown Dyersville makes it an attractive investment, benefiting from the area's tourism. The property's rich history, including its use as a brewery, adds to its character and appeal. The building's recent $1,000,000 renovation enhances its value and functionality. This property offers a blend of historical charm and modern amenities, presenting a compelling investment opportunity in a thriving location. The asking price is $995,000 ($55.28/sq ft).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.