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    424 3Rd St Burlington, IA 52601

    Sponsored
    For Lease
    $16 SF/Yr

    Modern Office/Retail, 3,114 SF Available

    Lot size:
    41,886 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    URBANE 424 offers a unique opportunity to lease street-level commercial space in Burlington, Iowa's revitalized downtown. This brand-new, five-story mixed-use building opened in May 2024 and boasts a total of 41,886 square feet. The available space, totaling up to 3,114 square feet, is ideal for retail or office use, providing excellent visibility and accessibility. Located at the corner of North 3rd Street and Columbia Street, the property benefits from a prime location just one block from the Mississippi River. The building itself is a modern structure, featuring 52 residential units on the upper four floors, creating a vibrant and active environment. The 0.328-acre site in Des Moines County offers convenient access to local amenities and a thriving community. This is a rare chance to secure space in a newly constructed building within a historic and rapidly developing area. The property's design caters to creative office tenants, offering a contemporary and functional workspace. The single building is situated in the 52601 zip code, providing easy access to transportation and local businesses. This exceptional opportunity combines the charm of a historic downtown setting with the modern conveniences of a newly built structure. Don't miss out on this chance to establish your business in a prime location.

    Property Features for 424 3Rd St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,886 SF
    Total Rate
    55848

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Suite A
    Size
    1,171 SF
    Rate per SF
    $16
    Space
    Suite C
    Size
    1,065 SF
    Rate per SF
    $16
    Space
    Suite B
    Size
    878 SF
    Rate per SF
    $16

    HighLights

    • 878‑3,114 square feet of retail/office space available for lease.
    • Lease rate: $16.00/SF, NNN.
    • $20.00/SF tenant improvement allowance.
    • Five‑story mixed‑use building in downtown Burlington, newly constructed (May 2024).
    • Building includes 52 residential units.
    • Located in a vibrant, walkable neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crime Stoppers Greater Non-Profit Organization Burlington Animal Control ... City Government Office Police-Criminal Investigation Police Department Urbane424 Apartments Apartment Complex Narcotics Task Force City Government Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.101822486717
    Latitude
    40.811610297168

    Nearby Comparable

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    Nearby Similar for Lease

    • $24 SF/Yr
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      Riverside Office Suites Available

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      High-traffic retail space available.
      313 Roosevelt Ave, Burlington, IA 52601
      View Details
    • Contact for pricing
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      Agency Commons: Burlington Retail Space

      Prime Burlington retail space, 11,800 sq ft available.
      3314 Agency St, Burlington, IA 52601
      View Details
    • $6 SF/Yr
      7,200 SF

      Eagles Building: Historic Downtown Office

      Burlington, IA: Prime Office Space Available
      205 Washington St, Burlington, IA 52601
      View Details
    • $10 SF/Yr
      2,016 SF

      Downtown Burlington Office Space

      Prime Main Street office, newly remodeled.
      610 Main St, Burlington, IA 52601
      View Details
    • $14 SF/Yr
      50,328 SF

      2750 Mount Pleasant St

      Neighborhood centers • 50,328 SF
      2750 Mount Pleasant St, Burlington, IA 52601
      View Details

    FAQs

    What type of property is this?
    Office space - Modern Office/Retail, 3,114 SF Available
    Where is this office space located?
    The property is located at 424 3Rd St Burlington, IA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 878-3,114 square feet of retail/office space available for lease.; Lease rate: $16.00/SF, NNN.; $20.00/SF tenant improvement allowance.
    Request Owner's contact information
    424 3Rd 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
    424 3Rd St Burlington, IA 52601
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