Property Details for 0 Agency St

Lot size

12.90 lot acres

Property size

561,924 SF

Property type

Retail properties & Spaces

Property subtype

Land

Description

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.

Location Insight

City

Burlington

County

Des Moines

State

Iowa

Longitude

-91.1414

Latitude

40.8148