1398 Central Ave 49,080 SF Office Building Dubuque, IA 52001 For Sale

Premier Corporate Headquarters | Multi-Tenant Commercial | Rehabilitation and Developer Potential
A rare opportunity to acquire a meticulously maintained, high-quality Class A former corporate headquarters building located in the heart of Downtown Dubuque, at the prominent corner of Central Avenue and 14th Street. This iconic three-story, approximately 49,000 square foot property offers exceptional flexibility for an owner/user or developer, with potential redevelopment options including multi-tenant office, commercial, historic preservation, mixed-use, multi-family conversion, condominiums, and more. Extensive zoning uses further enhance the property’s long-term value. The property development is supported by extensive zoning uses and possible city incentives.
1398 Central Avenue was previously occupied as a bank and showcases a grand main-floor lobby, ornate architectural elements throughout, masonry and marble details, generous ceiling heights, three passenger elevators, and original bank vaults. Existing furnished office, conference rooms and open workstation areas are throughout. The second floor was extensively updated in 2018/2019. The building is move-in ready while also offering strong repositioning or redevelopment potential.
The property is ideally situated within walking distance of Downtown Dubuque’s dining, retail, entertainment, and amenities, along a major thoroughfare with excellent visibility and access. Onsite parking plus additional adjacent parcels provide a unique opportunity for multiple tenants and users.
Sale Structure Flexibility:
The offering may include some or all of the associated parcels and parking, or select parcels may be sold separately. The total number of parcels, parking spaces, and ancillary improvements included in the sale will depend on the final deal structure. Pricing is subject to configuration and terms and will vary based on which parcels and parking areas are included.
All associated parcels include parking and a storage garage totaling up to 148 parking spaces, with certain parcels featuring billboard income. Billboard revenue currently includes approximately $100/month on one parcel and an average of $30–$40/month on another. Parcel configurations, income streams, and inclusions are negotiable.
Note: The underground conditioned walkway connected to 1398 Central Avenue is included with the sale of the building. See floor plan from the Dubuque County Assessor site.