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    321 Main St Burlington, IA 52601

    For Sale
    Contact for pricing

    Prime Burlington IA commercial space, court-ordered auction.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property, located at 321 S Main Street in Burlington, Iowa, is being offered at a court-ordered in-person auction on Tuesday, February 25, 2025, at 10:00 a.m. The auction will be held at the First United Methodist Church Loft #2, 416 Jefferson St, Burlington, IA 52601. The property comprises a substantial amount of space ideal for various commercial uses. The buildings include a 3,060 square foot warehouse constructed in 1947, a larger 5,473 square foot warehouse built in 1955, and a 1,053 square foot retail store, also dating back to 1947. The property also features valuable exterior improvements. These include mercury vapor yard lighting (installed in 1947), a concrete paved parking lot (1947), and chain link fencing (1955). This presents a unique opportunity to acquire a significant commercial property in a desirable location. The property's size and diverse building components offer considerable flexibility for a range of business ventures. Interested parties are encouraged to attend the auction to explore this promising investment opportunity. The property is being sold as-is. All interested parties should conduct their own due diligence prior to bidding.

    Property Features for 321 Main St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1947
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.10274
    Latitude
    40.80533

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Burlington IA commercial space, court-ordered auction.
    Where is this commercial real estate located?
    The property is located at 321 Main St Burlington, IA.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    321 Main St Burlington, IA 52601
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