1398 Central Ave
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1398 Central Ave
49,080 SF Office Building Dubuque, IA 52001 $3,300,000 ($67/SF)
Investment Highlights
- High traffic area with 8,100 vehicles driving by daily
- Grand lobby
- Parking for 148 vehicles plus a storage garage
- Extensive zoning uses
- Includes most existing furniture
Executive Summary
A “Class A” premier Corporate Headquarters building and Investor Alert!
Meticulously maintained, high quality opportunity located in the heart of downtown Dubuque on the corner of Central Avenue and 14th Street. Extensive zoning uses and available city incentives make this the perfect, move-in office space or redevelopment project for commercial, historic preservation, investment, multi-family conversion, condos, mixed-use, and more. 1398 Central Avenue currently operates as a bank and features main floor grand lobby, ornate elements throughout with mason and marble details, generous ceiling heights, passenger elevator and original bank vaults. The second floor was extensively updated in 2018/2019 and the building includes most existing furniture.
1398Central Avenue is situated in Downtown Dubuque just minutes from an excellent selection of dining, retail, entertainment, and more.
The sale includes six parcels with 148 parking spaces and storage garage. Parcel numbers are: 1024413014, 1024434005,1024429004, 1024429005, 1024429003, 1024408020. Two of the parcels have a billboard. Income is $100 per month for one and averages $30-$40 per month for the other.
1398 Central Avenue boasts an additional, unique opportunity. The adjacent property at 1301 Central Avenue is also listed for sale by Seller. The two properties are connected with an underground, conditioned walkway* under Central Avenue. Both properties can be purchased for a rare and unique campus/development opportunity. The possibilities are endless! *Note: the underground conditioned walkway is included with the sale of 1398 Central Ave. See floor plan attached from Dubuque County Assessor site.
Meticulously maintained, high quality opportunity located in the heart of downtown Dubuque on the corner of Central Avenue and 14th Street. Extensive zoning uses and available city incentives make this the perfect, move-in office space or redevelopment project for commercial, historic preservation, investment, multi-family conversion, condos, mixed-use, and more. 1398 Central Avenue currently operates as a bank and features main floor grand lobby, ornate elements throughout with mason and marble details, generous ceiling heights, passenger elevator and original bank vaults. The second floor was extensively updated in 2018/2019 and the building includes most existing furniture.
1398Central Avenue is situated in Downtown Dubuque just minutes from an excellent selection of dining, retail, entertainment, and more.
The sale includes six parcels with 148 parking spaces and storage garage. Parcel numbers are: 1024413014, 1024434005,1024429004, 1024429005, 1024429003, 1024408020. Two of the parcels have a billboard. Income is $100 per month for one and averages $30-$40 per month for the other.
1398 Central Avenue boasts an additional, unique opportunity. The adjacent property at 1301 Central Avenue is also listed for sale by Seller. The two properties are connected with an underground, conditioned walkway* under Central Avenue. Both properties can be purchased for a rare and unique campus/development opportunity. The possibilities are endless! *Note: the underground conditioned walkway is included with the sale of 1398 Central Ave. See floor plan attached from Dubuque County Assessor site.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
49,080 SF
Building Class
B
Year Built
1922
Price
$3,300,000
Price Per SF
$67
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
16,360 SF
Building FAR
1.59
Lot Size
0.71 AC
Opportunity Zone
Yes
Zoning
C-4
Parking
148 Spaces (3.02 Spaces per 1,000 SF Leased)
Amenities
- Storage Space
- Basement
- High Ceilings
- Air Conditioning
Walk Score ®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,259,700 | |
| Land Assessment | $479,600 | Total Assessment | $3,739,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$479,600
Improvements Assessment
$3,259,700
Total Assessment
$3,739,300
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