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$2,490,000
Est. payment /mo
7,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type COMMERCIAL
Listing Status Active
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $332
MLS Listing ID 155272
Year Built 2023
Property Sub-Type COMMERCIAL
Property Description
3315 John F. Kennedy Road presents the opportunity to acquire a fully leased, income-producing retail investment in one of Dubuque's fastest-growing commercial corridors. Completed in 2024, the approximately 7,500-square-foot building is occupied by two tenants on NNN leases, generating $160,344 in annual rental income while offering a low-management investment with minimal anticipated capital expenditures for the foreseeable future. Anchored by Slager Appliance, a long-established regional retailer, the property benefits from stable in-place income and a highly visible location. The second tenant continues to lease its space while actively marketing the suite for a subtenant, creating future flexibility without disrupting current income. The suite features an extensive second-generation medical buildout, including exam rooms, reception, and a radiology room, providing significant value for future medical, healthcare, or professional office users while minimizing future tenant improvement costs. Positioned just off the Northwest Arterial on John F. Kennedy Road, the property sits within Dubuque's primary growth corridor, surrounded by continued residential and commercial development. Nearby destinations including the Dubuque Soccer Complex, Dubuque Arboretum, and the newly developed Wanderwood Gardens continue to drive traffic and investment while supporting long-term demand for commercial space. Offered at $2,490,000, this investment is well suited for 1031 exchange buyers, private investors, and family offices seeking predictable cash flow, tax-efficient ownership, and long-term appreciation potential. The existing lease structure provides current income while preserving flexibility for future rent growth as market rates continue to strengthen in Dubuque's northwest corridor. Combined with NNN leases, quality construction, valuable second-generation improvements, and a location in the path of continued growth, the property offers both immediate income and long-
Location
State IA
County Dubuque
Area Dubuque Area
Interior
Heating Forced Air
Cooling Central Air
Flooring Concrete, Other
Exterior
Roof Type Rubber
Others
Acceptable Financing Cash
Listing Terms Cash
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Listed by Equity Real Estate Group LLC
Nearby Locations
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