2613 University AvenueDubuque, IA 52001

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.

Property Information

Property type

Commercial Sale

Sub-type

Retail

Year built

1935

Building area

3,924 Sq Ft

Lot dimensions

6,200

Parking spaces

5

Zoning

C1

Days on market

92

MLS^® Listing#

155044

Property Features

Cooling

Central Air

Heating

Forced Air · Natural Gas

Flooring

Other

Basement

Full

Construction

Other

Foundation

Concrete Perimeter · Other

Roof

Rubber · Other

Utilities

Natural Gas Available

Sewer

Public Sewer

Water source

Public

Parcel number

1027279023