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    Property profile & analytics

    116 Roosevelt Ave Burlington, IA 52601-1758

    • Turn key restaurants
    • 5,450 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimation
    $2,605,000
    Last Sale
    May 10, 2022
    $2,600,000
    Location Intelligence
    Property ID
    US25-0439970
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Applebee's Grill + Bar / Steak House / Traditional American Restaurant

    Property Details for 116 Roosevelt Ave

    Year built
    1996
    Lot size
    1.50 lot acres
    Property size
    5,450 SF
    Zone code
    M1
    Property type
    Turn key restaurants
    APN
    16-06-103-026
    APU
    1606103026

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,590,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,585,000
      6.5%
      $2,815,000
      7%
      $2,915,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,975,000
      Geo Method
      $2,855,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,350,000
      Retail
      $2,995,000
      Mixed-Use
      $2,255,000
      Hospitality
      $2,315,000
      Educational
      $2,975,000
      Residential Income
      $2,800,000
      Energy
      $2,920,000
      Income-Based Land
      $2,935,000
      Food Service
      $2,485,000

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.1404
    Latitude
    40.809
    CBSA code
    15460
    CBSA name
    BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $36,518
    $437,500
    $953,900
    $1,391,400
    -
    $437,500
    $953,900
    $1,391,400

    Comparable in this City

    • Value Estimation
      $215,000
      3,768 SF

      322 4th St

      RESTAURANT • 3,768 SF
      322 4th St, Burlington, IA 52601-5314
      View Details
    • Value Estimation by Request
      5,096 SF

      3300 Agency St

      RESTAURANT • 5,096 SF
      3300 Agency St, Burlington, IA 52601-1966
      View Details
    • Value Estimation
      $275,000
      2,483 SF

      2505 Mt Pleasant St

      RESTAURANT • 2,483 SF
      2505 Mt Pleasant St, Burlington, IA 52601-2133
      View Details
    • Value Estimation
      $185,000
      1,155 SF

      2415 Mt Pleasant St

      RESTAURANT • 1,155 SF
      2415 Mt Pleasant St, Burlington, IA 52601-2787
      View Details
    • Value Estimation
      $280,000
      6,720 SF

      863 Jefferson St

      RESTAURANT • 6,720 SF
      863 Jefferson St, Burlington, IA 52601-5433
      View Details
    • Value Estimation
      $210,000
      3,758 SF

      2014 Main St

      RESTAURANT • 3,758 SF
      2014 Main St, Burlington, IA 52601
      View Details

    Similar Nearby for Sale

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      Established Italian eatery, prime location, includes FF&E.
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      Historic building with modern amenities, ideal for various commercial uses.
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    Similar Nearby for Lease

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      Modern Office/Retail, 3,114 SF Available
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    • $14 SF/Yr
      50,328 SF

      2750 Mount Pleasant St

      Neighborhood centers • 50,328 SF
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    • Contact for pricing
      11,800 SF

      Agency Commons: Burlington Retail Space

      Prime Burlington retail space, 11,800 sq ft available.
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    • $15 SF/Yr
      78,640 SF

      Burlington Retail Center Opportunity

      High-traffic retail space available.
      313 Roosevelt Ave, Burlington, IA 52601
      View Details
    • $6 SF/Yr
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      Eagles Building: Historic Downtown Office

      Burlington, IA: Prime Office Space Available
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    Property Visit Statistics

    • Visits by month
      13.4k
    • Visitors by month
      9.6k
    • Avg Time on site
      68 min
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    116 Roosevelt Ave
    Burlington, IA 52601-1758
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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
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