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$1,290,000
Est. payment /mo
24,369 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type COMMERCIAL
Listing Status Active
Purchase Type For Sale
Square Footage 24,369 sqft
Price per Sqft $52
MLS Listing ID 154128
Year Built 1900
Property Sub-Type COMMERCIAL
Property Description
Historic Redevelopment Opportunity – O'Neill Block | Dubuque, Iowa The O'Neill Block presents a rare 24,000+ SF mixed-use redevelopment opportunity in the heart of Dubuque's Old Main Historic District. The property features two fully built-out commercial spaces on the main floor, including a 4,062 SF restaurant/bar with a 6,092 SF finished lower-level bar previously operating as 1st & Main, along with a 2,031 SF bar/retail space formerly known as Esther's Lounge (spaces are part of the sale but could also be leased). These spaces could continue as hospitality venues or be converted into office, retail, or other commercial uses. The upper two floors offer more than 12,000 SF of redevelopment potential, ideal for apartments, condominiums, boutique offices, or creative workspaces, providing a true blank slate for a transformative mixed-use project. Located within the Dubuque Opportunity Zone, the property may qualify for Historic Tax Credits, Tax Increment Financing (TIF), and City of Dubuque housing and façade incentives. The building sits in the center of major downtown investment, including the new John and Alice Butler College of Osteopathic Medicine developed by the University of Dubuque, expansion of the Dubuque Museum of Art, and continued redevelopment in the Historic Millwork District. This site is in extremely close proximity to the Five Flags Center and nearby hotels including Hotel Julien Dubuque and Holiday Inn Dubuque/Galena, the location benefits from strong tourism, event traffic, and a growing downtown residential base. Positioned just one block from the Highway 20 / 61 / 151 corridor, the O'Neill Block offers outstanding visibility and access, making it one of the most compelling historic redevelopment opportunities in downtown Dubuque. Seller will consider flexible financing options, including a potential land contract, for qualified buyers. Drone video: https://youtu.be/Acx-GA4lhEo?si=7d8fRO-6uFQgwHwh
Location
State IA
County Dubuque
Area Dubuque Area
Zoning C-4
Interior
Heating Forced Air
Cooling Central Air
Flooring Concrete, Wood
Exterior
Roof Type Rubber,Other
Others
Acceptable Financing Cash, Contract, Financed, Lease
Listing Terms Cash, Contract, Financed, Lease
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Listed by DBQ Property Group Inc.
Nearby Locations
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