Riverworks is a mixed-use property located in the heart of downtown Dubuque. Consisting of 34 luxury apartments and 14,115 sf of street level retail, this turn-key investment offers condo quality finishes with 12 to 18 ft ceilings, granite countertops, and stainless steel appliances. Listed on the National Register of Historic Places, certified historic rehab of the property finished in 2011 - offering top of the market apartments with best-in-class amenities including a rooftop deck overlooking the Mississippi River and outdoor grills. The property also features 3 first floor retail spaces, all fully occupied.
The repurposing of Riverworks is part of the recent influx of capital flowing back into the downtown district of Dubuque. Experiencing a bourgeoning renewal, redevelopment of the area has been ongoing since 2002 - with the addition of entertainment venues (Diamond Jo Casino, Q Casino, Alliant Energy Amphitheater), hospitality (Grand Harbor Resort & Waterpark, Hotel Julien, Holiday Inn), office (McGraw Hill), recreation (National Mississippi River Museum, Stone Cliff Winery), and bars and restaurants.
- Stabilized, turn-key investment
- Long-term rental sustainability
- Insulated economy
- Minimal leasing risk
- Condo quality finishes
- Access to Tristate employment
- Historic rehab
- Part of ongoing downtown redevelopment
- 100% leased (both commercial space and residential units)
ASKING PRICE: $5.6M
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