Contact us: 563.441.1776
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 Highlights
Property Type: Commercial - Retail
Year Built: 1935
General Information
County: Dubuque
Listed By:
Equity Real Estate Group LLC
Steve Davis
563-542-3519
ECIMLS
MLS ID: 155044
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2613 University Avenue, Dubuque, IA 52001.
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563-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,950,000 | $1,950,000 | $1,950,000 |
| Down Payment | $68,250 | $0 | $390,000 |
| Monthly Mortgage Amount | $11,634 | $12,265 | $9,732 |
| Taxes | $2714 | $2714 | $2714 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,170 | $0 | $0 |
| Monthly Estimated Total | $16,087 | $15,548 | $13,015 |
About this area
About Dubuque
Dubuque, IA—known as Where Iowa Started—is a quickly growing hub brimming with history around every corner and embraces its small-town roots. The residents here radiate warmth and friendliness as the city still continues to expand its city center. Like much of Iowa and Illinois, Dubuque is known for its historic buildings and cultural centers. It has a plethora of well-preserved buildings and homes, a revitalized main street, and because of its location near the Mississippi, its abundant land and resources were popular among immigrants and travelers (especially Irish and Germans), making Dubuque not only rich in history but largely diverse!
While a ton of progress has been made in the very recent past, Dubuque is on track to continue in the tradition of the first immigrants who settled among its bluffs. Recent recognition includes being named one of the 100 Best Communities for Young People, the Most Livable Small City, an Iowa Great Place and not to mention, was named a five-time All-America City!
Home & Community Information
From the bluffs overlooking the Mississippi River and historic homes to renovated downtown condos and new construction homes, the Dubuque area has many different housing options.
Summertime is the best time of year to visit Dubuque, since winter gets very cold. The weather is comfortable for most of the year and is yet another reason why the population is still growing. Not only is it a great place to raise a family, but all three districts—Historic Upper Main, Historic Millwork District, and the Historic Old Main—offer residents just about any option for where they’d like to live with an average commute time of just 15 minutes!
Things to Do in Dubuque
Just because Dubuque is Iowa’s oldest city doesn’t mean it’s lacking in things to do! Did you know Field of Dreams was filmed here? Yep! AND you can visit the site. Ride up the world’s shortest, steepest scenic railway for a tristate view, and make sure to check out the Mines of Spain State Recreation Area. Once you set off on one of the many hiking trails following Catfish Creek through the breathtaking limestone cliffs and bluffs, you’ll know why so many settlers called this place home.
As you continue to explore the city of Dubuque, give the kids a chance to visit the National Farm Toy Museum or the National Mississippi River Museum and Aquarium for a fully immersive experience of what Dubuque is all about.
The Hotel Julien Dubuque is a must if you’re looking for somewhere to rest your head for the night. An ornate lobby opens visitors up to 180 years of history—wood-paneled columns and golden elevators included. Other historic stays include the Black Horse Inn as well as the Richards House Bed & Breakfast Inn. If you’re looking to find something that suits a longer stay, Lorelei Cabins, Drake House, and the Cabin at Finley’s Landing are all great for vacation rentals.
Eating and drinking your way through the city is the best way to experience this perfect little paradise! Enjoy soups, sandwiches, brisket, and some of the best brown ale this side of the Mississippi at 7 Hills Brewing Company. If comfort food is your game, Copper Kettles’ house smoked pork ribs have made this place a local favorite, and L.May Eatery also takes comfort food to the next level with gourmet farm-fresh ingredients—fan favorites include the stuffed chicken and pork shanks.
With the rich culture tied to the waterway, it’s no surprise that locals and visitors alike see riverboats making their way up and down the Mississippi daily! It’s honestly fun just counting. Schedule a boat ride and explore the fourth largest river in the U.S. Waiting patiently for your boat? Kill time at the Star Brewery Historic Landmark or make your way to the Diamond Jo Casino.
Explore the city of Dubuque even further by making your way to Crystal Lake Cave—untouched and two million years old—or hit one of the many bike paths along the river to connect with nature.
If you are ready to start your real estate buying or selling journey, browse the newest homes for sale in Dubuque, IA. You can also contact us—we are here to help!
Nearest Ruhl & Ruhl Office: Dubuque
600 Star Brewery Drive
Suite 300
Dubuque, IA 52001
(563) 441-1776
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/04/2026. The listing information on this page last changed on 07/04/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 07/04/2026 12:08:59 AM EST) or MRED MLS (last updated Sat 07/04/2026 12:04:57 AM EST) or SCWMLS (last updated Fri 07/03/2026 11:54:45 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 07/03/2026 10:17:09 PM EST) or Cedar Rapids MLS (last updated Fri 07/03/2026 10:44:14 PM EST) or NEIRBR MLS (last updated Fri 07/03/2026 11:58:42 PM EST) or ICAAR MLS (last updated Fri 07/03/2026 11:37:26 PM EST) or ECIMLS (last updated Fri 07/03/2026 11:44:14 PM EST) or RMLSA (last updated Sat 07/04/2026 12:00:57 AM EST) or Muscatine MLS (last updated Sat 07/04/2026 12:00:12 AM EST) or No Coast MLS (last updated Sat 07/04/2026 12:04:21 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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