115 4th St Burlington, IA 52601-5503
- Warehouses
- 23,488 SF
- 0.29 lot acres
Sep 24, 2021
Current Use by Public Records
- City of Parks Kitchen Remodeling Solutions / Remodeler
Property Details for 115 4th St
- Year built
- 1918
- Lot size
- 0.29 lot acres
- Property size
- 23,488 SF
- Zone code
- C3
- Property type
- Warehouses
- APN
- 16-05-238-004
- APU
- 1605238004
Description
This exceptional 1-square-foot industrial warehouse, located at 115 N 4th Street in Burlington, Iowa, presents a unique investment opportunity. Built in 1918, this property sits on a 0.31-acre lot and is priced at $1,010,000. While the main warehouse space is currently 1 square foot, the property includes a significant additional component: a grand penthouse with beautiful arched windows, currently under renovation. The warehouse itself boasts recent renovations, ample storage space, loading docks, a functional freight elevator, and an adjoining two-stall electric commercial garage. Its prime downtown location places it within easy walking distance of restaurants, bars, and local shops. The property's versatility is further enhanced by the current owner's willingness to lease the space back to the new owner for $9,000 per month, providing immediate rental income potential. This is a rare chance to acquire a historic building with significant upside in a thriving downtown area. The property's unique blend of renovated warehouse space and a high-potential penthouse makes it an ideal investment for a variety of uses. The zip code is 52601, and the property is situated in Des Moines County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Des Moines
- State
- Iowa
- Longitude
- -91.1046
- Latitude
- 40.809
- CBSA code
- 15460
- CBSA name
- BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA
