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    Agency St Burlington, IA 52601

    Sponsored
    For Sale
    $2,500,000

    Prime Retail & Multifamily Land

    Property size:
    561,924 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12.9-acre commercial property in Burlington, Iowa, presents a significant development opportunity. Located at the high-traffic intersection of N Roosevelt Ave and E Agency St (APN 11-31-361-004), this site boasts 561,924 square feet and is zoned PUD & C-2, allowing for diverse uses including retail, multifamily, and office development. The property benefits from an existing Tax Increment Financing (TIF) award, which transfers to the new owner, along with the potential for a transferable Iowa Workforce tax credit of up to $1 million. Pre-existing infrastructure includes detention ponds and monument sign easements on both Roosevelt and Agency Avenues. Daily traffic counts exceed 22,200 vehicles on Roosevelt Avenue and 8,800 on Agency Street (2020 data). The location is further enhanced by its proximity to established businesses such as Ashley Furniture, Connection Bank, Sonic, and Pizza Ranch, as well as recently developed retailers including Dick's Sporting Goods, Staples, and Starbucks. This prime location offers easy access to Highways 34 and 61, making it an ideal site for big-box stores, national retailers, or mixed-use developments. The property's designation as an Opportunity Zone provides additional investment incentives. This is a rare opportunity to acquire a large, well-located parcel in a thriving area of Southeast Iowa. The asking price is $2,500,000.

    Property Features for 0 Agency St

    General Information

    Property type
    Multifamily properties
    Square Feet
    561,924 SF
    Lot Size
    561,924 SF

    HighLights

    • 12.9‑acre site in Burlington, IA, available for $2,500,000.
    • Located in an Opportunity Zone.
    • Potential for up to $1 million transferable Iowa Workforce tax credit.
    • Tax Increment Financing (TIF) award transfers to the buyer.
    • Existing detention ponds on site.
    • Monument sign easements on Roosevelt and Agency Avenues.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Burlington
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.1413951
    Latitude
    40.8148286

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    FAQs

    What type of property is this?
    Multifamily property - Prime Retail & Multifamily Land
    Where is this multifamily property located?
    The property is located at Agency St Burlington, IA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 12.9-acre site in Burlington, IA, available for $2,500,000.; Located in an Opportunity Zone.; Potential for up to $1 million transferable Iowa Workforce tax credit.
    Request Owner's contact information
    Agency St Burlington, IA 52601
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    Burlington, IA 52601
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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
    Agency St Burlington, IA 52601
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