Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Commercial Building in Burlington Title is generated by Realmo AI

    314 N 4Th Street, Burlington, IA 52601

    View on Map
    Claim this Listing
    For Sale
    $239,500

    COMMERCIAL - Other - Burlington, IA

    Lot size:
    0.05 Acres
    Added:
    Feb 4, 2025
    Days on Market:
    463
    Last Refresh:
    May 13 at 11:06 am

    Property Features for 314 N 4Th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Parking features
    On Street
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    16-05-230-006
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Description
    443 ORIGINAL CITY N20' S30'
    Tax Annual Amount
    2408

    Utilities

    Heating system
    Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1916
    Number of units
    1
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Melissa Schwenker
    Melissa Schwenker

    Listing agent Melissa Schwenker License #***

    Listing office Ruhl & Ruhl, REALTORS 403 S Gear Ave Ste 105, Burlington, IA

    Listing date Feb 4, 2025

    MLS# 6324714

    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.

    HighLights

    • Timeless elegance and durability of a historic commercial building constructed in 1916.
    • High ceilings (over 12 feet) enhance the sense of space.
    • Quarter‑sawn oak woodwork adds warmth and character.
    • Marble and tile flooring throughout the building offers luxury and durability.
    • Newer boiler system and central air conditioning provide modern comfort.
    • Lower level includes a safe with easy access from the alley.

    Overview

    Constructed in 1916, this historic commercial building features a blend of stone and brick exterior. The interior boasts quarter-sawn oak woodwork, marble and tile flooring, and high ceilings exceeding 12 feet. Intricate detailing adorns both the ceiling and walls on the main and upper levels. Modern amenities include a newer boiler system and central air conditioning. The lower level features a safe and offers easy access from the alley. Situated in Burlington, Iowa, the building occupies a lot size of 0.05 acres and is zoned for business and commercial use. The design balances historic detail with modern amenities, making it suitable for a variety of commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Beckman Law Offices Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Downtown Daisy — 875 Jefferson St, Burlington, IA 52601

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.103349
    Latitude
    40.810581

    Nearby Similar for Sale

    • $389,900

      Updated Office Building with River Views

      Two-story office building near downtown Burlington with Mississippi River views.
      724 N 3Rd Street, Burlington, IA 52601
      View Details
    • $499,000

      Versatile Commercial Building in Burlington

      Adaptable 18,000+ SF building on 1.89 acres in Burlington.
      2601 Madison Avenue, Burlington, IA 52601
      View Details
    • $429,000

      Burlington Commercial Building on Large Lot

      4,000 sq ft commercial building on 1.72+/- acre lot.
      3620 Flint Ridge Dr, Burlington, IA 52601
      View Details
    • $550,000

      Versatile Commercial Property in Burlington

      Commercial property with office, shop, and storage space on 1-acre.
      800 Cash Street, Burlington, IA 52601
      View Details
    • $79,000
      1,891 SF

      Burlington Duplex: Investment Opportunity

      Duplex in Burlington, Iowa with recent updates.
      1110 Bartlett Street, Burlington, IA 52601
      View Details
    • $799,000
      15,959 SF

      Historical Building in Downtown Burlington

      Restored 15,959 SF building with restaurant/brewery potential.
      500 Jefferson St, Burlington, IA 52601
      View Details
    • $275,000
      1,485 SF

      Spacious Condo in Burlington, Iowa

      Comfortable condo with maintenance-free living and privacy fenced outdoor space.
      1439 Pawnee Drive, Burlington, IA 52601
      View Details
    • $159,999

      Updated Commercial Property in Burlington

      Well-maintained commercial property with modern upgrades and ADA accessibility.
      1240 S Main Street, Burlington, IA 52601
      View Details
    • $680,000

      Remodeled Restaurant with Ample Parking

      Recently remodeled restaurant with long-term tenant and ample parking.
      2806 Mount Pleasant Street, Burlington, IA 52601
      View Details
    • $264,500

      Historic Commercial Building with Modern Amenities

      Historic building featuring original details and modern updates.
      314 N 4Th Street, Burlington, IA 52601
      View Details
    • $50,000
      2,675 SF

      Burlington Iowa Multi-Family Investment

      Fourplex with income potential, sold as a package.
      801 S 9Th Street, Burlington, IA 52601
      View Details
    • $119,900
      2,339 SF

      Burlington Iowa Multifamily Investment Opportunity

      Investment duplex with separate utilities and newer vinyl windows.
      1008 Ash Street, Burlington, IA 52601
      View Details

    FAQs

    What type of property is this?
    Storefront property - Historic building with modern amenities, ideal for various commercial uses.
    Where is this storefront property located?
    The property is located at 314 N 4Th Street Burlington, IA.
    What is the asking price?
    The asking price for this property is $239,500.
    What are key features of this property?
    This property features: Timeless elegance and durability of a historic commercial building constructed in 1916.; High ceilings (over 12 feet) enhance the sense of space.; Quarter‑sawn oak woodwork adds warmth and character.
    (319) 759-0874
    We can help!
    Listing Contact
    Melissa Schwenker
    Melissa Schwenker
    Real Estate License ID: ***
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    314 N 4Th Street, Burlington, IA 52601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!