Technical
Financial
Distress signals
Property profile

1200 S Central Ave Burlington, IA 52601

FOR SALE
Individual retail properties
Property ID
US25-0247338
1,895 SF 0.12 ac lot Built 1915
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Individual retail properties
Use group BARBER, HAIR SALON
Year built 1915
Construction FRAME
Total area 1,895 SF
Lot 0.12 ac (5,097 SF)
Zoning code C1
APN 16-08-209-001
UPID US25-0247338

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Barber Shop
  • Barber Shop

Location

1200 S Central Ave Burlington, IA 52601
Burlington metro Census 500 BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

Zoning & alternative use

C1 · Burlington, IA
Zoning description

The intent of this district is to allow a transition area between limited commercial growth and residential neighborhoods

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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