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Property summary
This exceptional commercial property located at 1200 S Central Avenue in Burlington, IA, presents a unique investment opportunity. Spanning 1,800 square feet on a 0.12-acre lot, this adaptable space offers diverse possibilities for a variety of businesses. Imagine a beauty salon, barbershop, retail store, or professional office – the possibilities are truly endless. The building has undergone significant recent upgrades, enhancing its functionality and value. Within the past year, the roof, furnace, and central air conditioning system have been replaced. Over the last decade, improvements have included new windows, a 200-amp electrical service upgrade, and updated plumbing. Adding to the property's appeal is a one-bedroom apartment at the rear, currently leased for $600 per month with a remaining lease term. This provides a consistent stream of supplemental income, making this a truly attractive investment. The property's prime location in Burlington, IA, ensures high visibility and accessibility, further enhancing its potential for success. This is a rare opportunity to acquire a well-maintained, versatile commercial property with immediate income generation. Don't miss out on this chance to expand your business horizons. The asking price is $92,000.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Barber Shop
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Barber Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of this district is to allow a transition area between limited commercial growth and residential neighborhoods
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
C1 · Burlington, IAThe intent of this district is to allow a transition area between limited commercial growth and residential neighborhoods
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intent of this district is to allow a transition area between limited commercial growth and residential neighborhoods
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 in Burlington, IA.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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