316 N 4th St, Burlington, IA 52601
Turnkey restaurant opportunity with real estate and equipment included.
- Added:
- Feb 6, 2024
- Days on Market:
- 882
- Last Refresh:
- Jun 28 at 5:44 am
Property Features for 316 N 4th St
General Information
- Standard status
- Active
- Size
- 3,420 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1880
Listing office NAI Ruhl Commercial Company (563) 355-4000
Listing date Feb 6, 2024
Source Crexi
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 NAI Ruhl Commercial Company
HighLights
- Established Downtown Italian Restaurant: Turnkey operation with growth potential.
- Real Estate Included: Building with restaurant and apartment included in the price.
- Two‑Bedroom Apartment: Upstairs apartment provides additional income or living space.
- Prime Location: Situated 1/2 block from City Hall, surrounded by retail and office tenants.
- Sizeable Space: 6,840 SF total building size plus full basement.
- FF&E Included: All Furniture, Fixtures, and Equipment are included in the sale.
Overview
Local Financial Insights For Retail
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 | $59.9k | $17.52 |
| − Vacancy | −$2.4k | −$0.70 |
| EGI | $57.5k | $16.82 |
| − OpEx | −$17.3k | −$5.05 |
| NOI | $40.3k | $11.77 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Des Moines
- State
- Iowa
- Longitude
- -91.1034727
- Latitude
- 40.8106694
