Equipped Hotel Restaurant
1780 Stonegate Center Drive, Burlington, IA 52601
For Sale
Contact for pricing
Commercial Sale, Burlington, IA
Property Size6,000 SF
Lot Size8.01 Acres
Price / SF$0.83
Days on Market228
Property Features for 1780 Stonegate Center Drive
General Information
Property type
Property subtype
Accessibility
Subdivision
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Building Details
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Number of units
Building materials
Listing Agency:
Century 21/Property Professionals
(319) 753-6000
Listed By:
Brady Heuvelmann · License IA #716564000
(319) 850-9319
Added: Mar 30
Changed: Oct 30
Last Checked: Nov 12 at 6:06AM
MLS# 6336846
Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This restaurant property is located within the Comfort Suites and includes approximately 6,000 square feet of operating space. The premises are supported by an existing commercial kitchen, tables, seating, and other furnishings, allowing a restaurant operator to use the established setup. Utilities are included, and the property provides on-site parking and convenient access. The building was constructed in 2004 with stucco construction, forced-air heating, and accessible approach and elevator features.
The restaurant benefits from its placement within a hotel, providing access to hotel guest traffic. The broader property encompasses 8.01 acres at 1780 Stonegate Center Drive in Burlington, Iowa. The space was previously occupied by Peaches restaurant.
The restaurant benefits from its placement within a hotel, providing access to hotel guest traffic. The broader property encompasses 8.01 acres at 1780 Stonegate Center Drive in Burlington, Iowa. The space was previously occupied by Peaches restaurant.
Key Highlights
- Approximately 6,000 sq ft of restaurant space within Comfort Suites
- Existing commercial kitchen equipment included
- Tables, seating, and other furnishings remain in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,665
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,300
$1.0M
Cap Rate 7%
$738,071
$738.1K
Cap Rate 9%
$574,056
$574.1K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$73.4K $12.24/SF
− Vacancy
−$4.6K −$0.76/SF
EGI
$68.9K $11.48/SF
− OpEx
−$17.2K −$2.87/SF
NOI
$51.7K $8.61/SF
Area
Des Moines County, IA
Vacancy
6.20%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,300
Cap Rate 7%
$738,071
Cap Rate 9%
$574,056
Alternative Uses
Best Use
Specialty Retail
$738.1K
$645.8K – $861.1K
NOI $51,665 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,952 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Comfort Suites
Hotels & Casinos
2,244 visits/mo
0.1 miles
Demographics for 52601, IA
27,899
Population
14,107
Households
2
Avg Household Size
43
Median Age
24%
College-Educated
94%
High-School Grad
109.3 sq mi
ZIP Area
255
Density / Sq Mi
$57,123
Median Household Income
$35,594
Median Earnings
$921
Median Rent
$125,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant premises within Comfort Suites with an existing commercial kitchen, furnishings, utilities, and hotel guest access.
Where is this conventional restaurant located?
The property is located at 1780 Stonegate Center Drive Burlington, IA.
What are key features of this property?
This property features: Approximately 6,000 sq ft of restaurant space within Comfort Suites; Existing commercial kitchen equipment included; Tables, seating, and other furnishings remain in place
