333 E 10th Street, Dubuque • $25,000,000

Courtesy of MLS Reciprocity:
Steve Davis
Equity Real Estate Group LLC
Property Information
MLS Number: 149047
Address: 333 E 10th Street, Dubuque
Price: $25,000,000.00
Lot Dimensions: 93,915
Status: Active
For Lease: No
Property Description
The Novelty Iron Works complex provides a stabilized mixed-use investment with additional conversion opportunity. Located in Dubuque, Iowa's Historic Millwork District, this accumulation of four parcels contained within a full city block is a dynamic adaptive reuse property that allows for plenty of room for adding value post-acquisition. Originally built for the manufacture of steam engines, a portion of the property was completely renovated in 2014 to its current modern industrial design. It now boasts 76 residential units, 13+ individual commercial spaces, an 80-space surface parking lot and approximately 98,000 sq. ft. of vacant space across five floors ready for conversion. The fully-leased residential apartment dwellings range from affordable efficiencies to 2500+ sq. ft. luxury executive suites. The commercial spaces are anchored by long-term tenants including Backpocket Brewery & Arcade and an 8000 sq ft event center - one of the most sought-after venues in the area. In aggregate, the commercial spaces enjoy ongoing vacancy rates of less than 5%. The available conversion space offers several dedicated exterior access points, existing shared elevator and has already been retrofitted with new windows & some mechanicals creating good value-add investment opportunity. Dubuque, Iowa is located on the Upper Mississippi River at the border of both Wisconsin & Illinois and is a regional hub of tourism with the nearby Field of Dreams baseball complex, multiple casinos with entertainment venues and is a favorite stop for travelers on American Cruise Lines and Viking Mississippi river cruises.
Commercial Information
Total Units: 0 Garage: 0
Roof: Rubber    
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