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    OFF-MARKET
    Commercial real estate

    8989 Koestner St, Burlington, IA 52601

    1,620 SF 2 ac lot Built 1972
    Property ID
    Property summary
    AI-generated overview

    This exceptional turnkey business opportunity in Burlington, IA, presents a rare chance to acquire a well-established entertainment complex. The property encompasses 2 acres and includes a 1,620 sq ft, 2-bedroom, 2-bathroom brick home built in 1972. The main building, a 60' x 160' structure, houses a 60' x 120' maple wood floor skating rink, the heart of Kenny's Roller Ranch, a 96-year-old Burlington institution. The property also boasts an 18-hole mini-golf course, basketball bank shot, and batting cages (slow-pitch softball, slow-pitch baseball, and fast-pitch baseball). All equipment, including 41 inline and 410 quad rental skates, pro-shop inventory, snack bar supplies, sound and computer equipment, and arcade games, is included in the sale. Ample storage is available in an attached 28' x 50' two-car garage and a separate 28' x 48' metal building with three garage doors. The home features a finished basement with a non-conforming bedroom, a second bathroom, laundry area, and storage. An attached garage has been converted into a recreation space. The property also includes a fenced yard, above-ground pool, and garden area. Located on a quiet dead-end street near Crapo Park & Dankwardt Memorial Park, this property offers a serene setting while being conveniently close to Burlington Regional Airport. Annual property taxes are $4,208. This multi-revenue stream business is ready for a new owner to take the reins.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1972
    Total area 1,620 SF
    Lot 2 ac (87,120 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Kenny's Mini Golf Golf Course
    • Kenny's Roller Ranch Sports Field & Court
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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