Celebrity Owned TROPHY Building
HUGE Upside
One-of-a-Kind Investment Opportunity
Iconic Baseball Building, 5 minutes from The Field of Dreams
(In Dyersville, Iowa)
$350,000 below appraisal
Over $1,000,000 already invested
Only $55/sqft!
FINISH THIS PROJECT AND MAKE MONEY $$$
$995,000
310 2nd St SE, Dyersville IA 52040
Includes:
2 GORGEOUS RESIDENCES (upstairs)
2 BEAUTIFUL NEW MUSEUMS (incl. the City’s Field of Dreams museum)
1 RESTAURANT SPACE (potential)
1 STREET LEVEL STORE FRONT (vacant)
1 BATTING CENTER COMPLEX (potential)
Dubuque, Telegraph Herald:
“Heavy Tourism Expected At Field of Dreams Site”
“The two largest projects include the construction of a permanent baseball stadium adjacent to the movie site, as well as the addition of a nearby youth sports complex.”
Iconic Exterior
This historic building that dates from 1860, contains over 18,000 sqft of commercial and residential space.
2 Beautiful Apartments
Two modern, beautiful, large (1,796 SF / 1,250 SF) leased apartments (each via its own staircase) offer stunning views of the Maquoketa River and the world famous Basilica of St. Francis Xavier.
Museums
Located just a block from Dyersville's quaint downtown, The Baseball Building houses The Baseball Hall of Dreams (co-owned by Field of Dreams star Dwier Brown) and the City of Dyersville’s ‘If You Build It’ exhibit, celebrating the making of the film in 1988. This building is the #2 baseball tourist attraction in Dyersville, after the Field of Dreams only 5 minutes away.
Store Front, River Front, Restaurant
A 3rd Ave. Street level space (1,116 SF) has high ceilings, great potential signage and excellent corner store appeal. The main level opens to the river and provides excellent river frontage for potential business use. Also on the main, river/parking level are four adjacent, connected spaces of rustic limestone that are ideal for a restaurant/bar (see renderings).
Future Batting Center
The attached metal structure (4,000 sqft, circa 1954) features three full-sized loading docks and will make a great batting center (pitching machines and drawings already on site). Ample parking for 30 vehicles.
The Play
The Baseball Building is a great opportunity for both steady income and HUGE upside. Gross income projected at $190k; Building value at a 5% cap surpassing $2.1million!
The Field of Dreams in Dyersville is one of the most iconic tourist attractions in the state. The site attracts hundreds of thousands of visitors each year. The Field has grown in popularity due to the MLB’s Field of Dreams Game, which has drawn even more attention to the location. The event is a huge draw for baseball lovers and has significantly boosted the site's profile nationally. It offers a unique blend of nostalgia, sports history, and natural beauty, making it one of Iowa's top tourist destinations. There is little else for these baseball-tourists to do in Dyersville, after sometimes driving a thousand miles to get there. The BASEBALL Building is only 5 minutes away.
Our Concept
In addition to the two apartments (which could be used for Airbnb rentals for tourists) and the two baseball museums, there are five main spaces available:
3,200 sq ft restaurant, kitchen & seating: A baseball-themed restaurant would be the perfect anchor tenant.
4,000 sq ft Batting Center: Dyersville, an Iowa center for tournaments, needs a batting center for local and hundreds of visiting tournament teams, all of whom travel long distances to practice. The batting center would be another major attraction.
1,100 sq ft souvenir/gift shop on the street level, next to the Hall of Dreams in the prime corner location:
& 5. 2,500 sq ft for two more baseball-businesses on the main level next to the restaurant.
*Building will need approx $100k of landlord work to vacant spaces. Then new tenants will do their own improvements.
Complete This Project
Dwier Brown was personally involved in the recent $1,000,000 rehab of this building. The tremendous success of MLB games at the Field of Dreams, and continued development of that site, promises the growth of tourism in Dyersville and at The Baseball Building.
This prestige property provides HUGE UPSIDE for the right investor or owner/user. Replacement cost of this building would exceed $250/sqft, or $4,500,000!
