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$1,950,000
Est. payment /mo
3,924 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type RETAIL
Listing Status Active
Purchase Type For Sale
Square Footage 3,924 sqft
Price per Sqft $496
MLS Listing ID 155044
Year Built 1935
Property Sub-Type RETAIL
Property Description
Available for purchase is the fully renovated, 100% occupied mixed-use investment property generating strong cash flow. Located at 2613 University Avenue, this exceptional asset underwent an extensive renovation and expansion in 2025, resulting in a high-quality, income-producing property with modern finishes, strong tenancy, and long-term growth potential. The centerpiece of the redevelopment was a substantial addition that created two full floors of beautifully finished retail and commercial space, complemented by a lower level currently occupied by a successful boutique clothing retailer. The quality of construction and level of finish throughout the building are well above market standards, providing investors with a truly turnkey acquisition and minimal deferred maintenance. The property is anchored by a diverse mix of thriving tenants, including a salon, salon suites leased to independent beauty professionals, counselors, and ancillary medical providers, as well as a rapidly growing coffee shop whose sales continue to increase month after month. An additional opportunity exists for a buyer to acquire the coffee shop business separately, creating a unique chance to own both the real estate and an established, growing retail operation. Strong leases and a carefully curated tenant mix provide dependable income and consistent cash flow, making this a compelling investment opportunity for both local and out-of-market investors. The combination of stable tenancy, recent construction, and an 8.5% cap rate offers an attractive risk-adjusted return rarely found in assets of this quality. Situated along busy University Avenue, one of Dubuque's primary east-west thoroughfares, the property benefits from exceptional visibility, traffic counts, and accessibility. Its location just blocks from the University of Dubuque further enhances demand and supports the long-term strength of the tenant base.
Location
State IA
County Dubuque
Area Dubuque Area
Zoning C1
Interior
Heating Forced Air
Cooling Central Air
Flooring Other
Exterior
Roof Type Rubber,Other
Others
Acceptable Financing Cash
Listing Terms Cash
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Listed by Equity Real Estate Group LLC
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