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Historic Office Residence with Stained Glass

308 College Street Burlington, VT 05401

308 College Street, Burlington, VT, 05401
$989,900
For Sale
$989,900

Prairie-style property currently configured as office space with distinctive woodwork, stained glass, and multiple levels for flexible use.

Property Size2,072 SF
Lot Size2.00 Acres
Price / SF$477.75
Days on Market163

Property Features for 308 College Street

General Information

Standard status
Active
Size
2,072 SF
Lot size
2.00 Acres
Property subtype
Commercial

Building Details

Year Built
1917
Listing Agency Geri Reilly Real Estate
Listed by Geri Reilly
Source Lakechamplainrealestate
Added: Feb 4 Checked: Jul 17 at 4:51 am

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Geri Reilly Real Estate


Investment Insights

Based on property information with market context.

The Heininger House is a one-of-a-kind Prairie Style residence currently configured as office space, preserving original architectural character and details throughout. Interiors feature stunning woodwork, stained glass, intricate built-ins, French doors, a grand staircase, and detailed trim and molding. Bright, spacious rooms include a front foyer with a built-in bench, a functional kitchen with mudroom access to the backyard, a formal dining and living room with natural light, built-ins, and a decorative fireplace, plus a cozy den. Upstairs, the layout includes three bedrooms, a full bath, and an enclosed sunroom. A semi-finished lower level adds additional office space, a crafts room, and ample storage.

Set on a 50x120 lot and including an additional adjacent 60x120 parcel under separate deeded ownership, the property offers flexibility beyond the main building. Outdoor amenities include a detached two-car garage, greenhouse, and generous parking. The property is located next to the YMCA and is minutes from UVM, Champlain College, UVM Medical Center, Church Street Marketplace, and I-89.

For tenant or buyer use, the multi-level configuration supports office operations that benefit from distinct room sets and storage areas, while the preserved residential features can also appeal to organizations seeking a distinctive working environment. The separate deeded lot provides added options for gardens, entertaining, or potential future use, depending on requirements and approvals.

Key Highlights

  • 1917 Prairie‑style Heininger House with original architectural character, woodwork, stained glass, intricate built‑ins, and detailed trim/molding
  • Currently configured as office space with semi‑finished lower level offering additional office space, a crafts room, and ample storage
  • Bright main‑level rooms include formal dining and living areas with built‑ins and a decorative fireplace, plus a cozy den

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $49.7k $24.00
− Vacancy −$10.9k −$5.28
EGI $38.8k $18.72
− OpEx −$9.7k −$4.68
NOI $29.1k $14.04
2,072 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$415.6K
$363.6K – $484.9K (±1% cap)
NOI $29,091 @ 7.0% cap · market cap 2.94%
Second Best
Mixed Use
$285.1K
$249.5K – $332.7K (±1% cap)
NOI $19,960 @ 7.0% cap · market cap 2.02%
Theoretical Best
Office A
$568.3K
$497.3K – $663.0K (±1% cap)
NOI $39,782 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Wick & Maddocks Law Firm Attorney Jeffrey J. ... Law Firm

Suggested Use

Locksmith Veterinary Clinic Pet Grooming Service Electrical Service Tanning Salon Auto Parts Store (Bike/Boat/Book/etc) Store Garden Center Plumbing Service Buffet

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

FAQs

What type of property is this?
Office building - Prairie-style property currently configured as office space with distinctive woodwork, stained glass, and multiple levels for flexible use.
Where is this office building located?
The property is located at 308 College Street Burlington, VT.
What is the asking price?
The asking price for this property is $989,900.
What are key features of this property?
This property features: 1917 Prairie‑style Heininger House with original architectural character, woodwork, stained glass, intricate built‑ins, and detailed trim/molding; Currently configured as office space with semi‑finished lower level offering additional office space, a crafts room, and ample storage; Bright main‑level rooms include formal dining and living areas with built‑ins and a decorative fireplace, plus a cozy den
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