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Property profile

116 Roosevelt Ave Burlington, IA 52601

OFF-MARKET
Turn key restaurants
Property ID
US25-0439970
5,450 SF 1.5 ac lot Built 1996
Last sale May 2022 · $2,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 116 S Roosevelt Ave in Burlington, Iowa consists of an approximately 1.50-acre parcel improved with a single-tenant restaurant building totaling about 6,131 rentable square feet. The building is configured for operation as a full-service restaurant and is subject to a triple-net (NNN) lease structure with a 15-year term that commenced May 1, 2022, including scheduled rent increases during the base term.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?
$37k
Tax billed · 2021
Assessed value · 2023$1.39M
Assessed land$438k
Assessed improvement$954k
Effective rate2.62%

Value estimate

· Nov 2026
$2.59M
$2.33M – $2.85M
AI approach$2.49M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M1
The intent of this district is to allow development of industrial uses that are compatible with a close proximity to residential areas an...
General categoryINDUSTRIAL
JurisdictionDES MOINES

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.2
Dental Office18.7
Building Supply14.2

Location

116 Roosevelt Ave Burlington, IA 52601-1758
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2761 Mt Pleasant, Burlington, IA 52601-2170 $1,952,118 Aug 2024 3,449 SF
3620 Flint Rdg, Burlington, IA 52601-9403 $385,000 Jan 2024 4,000 SF
318 4th, Burlington, IA 52601-5314 $25,000 Oct 2023 3,300 SF
3258 Rock Spg, Burlington, IA 52601-8991 $182,527 Aug 2023 5,216 SF
214 Jefferson, Burlington, IA 52601-5212 $235,000 May 2023 3,564 SF
616 Jefferson, Burlington, IA 52601 $135,000 Feb 2023 8,512 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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