3040 Jackson St - Apartments FOR SALE


Dubuque, IA 52001
$1,500,000 USD
563-542-3519
3040 Jackson St, Dubuque, IA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

3040 Jackson St
Dubuque, IA 52001


HIGHLIGHTS

  • Prominent structure in Dubuque's North End District with a storied history
  • Nearly three acres allowing for flexibility in design of additional floor space, amenities or parking
  • Flexible sale terms to include potential for inclusion of some soft costs that have already been completed

OVERVIEW

In 1895, four local brewers came together to create a complex that would produce over 300,000 barrels of beer annually and would eventually be known as Dubuque Brewing & Malting Company. The plant, at 224,000 sq ft, was smaller only to its counterparts in St. Louis and Milwaukee and was considered to be the most modern of its time. While the company met its demise in 1915 due to prohibition in Iowa (prior to the Federal enactment in 1919), the property remained critically important to local commerce. Following rumors of Al Capone shipping beer out of the building in milk cans during prohibition, it was used extensively by Corn Belt Packing Company, H&W Motor Express & Dubuque Packing Company in Dubuque's long-storied history in the meat packing industry into the 1980's. Today, approximately 75,000 sq ft of the historic structure remains on a nearly three-acre site at the corner of 30th & Jackson Streets. While a portion of the building grew unstable and eventually demolished earlier this year, the remaining structure and cleared site offers a very unique development opportunity to preserve an iconic piece of Dubuque's culture and blend it with modern mix of commercial and residential space demanded by the neighborhood. Some additional site cleanup work is in progress by the seller and will be completed this fall.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$20 USD /SF

# OF UNITS

1

PRICE/UNIT

$1,500,000

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dubuque Brewing & Malting

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.82 AC

LAND SF

122,839 SF

ZONING

C4 Downtown Commercial

APN/PARCEL ID

10-13-106-015,10-13-106-016,10-13-106-017

ASK ABOUT THIS PROPERTY

Steve DavisEquity Real Estate GroupMore Info
563-542-3519

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Steve DavisEquity Real Estate GroupMore Info
563-542-3519

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.