Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1700 Sunnyside Ave Burlington, IA 52601-4553
    Back to Search
    Property profile & analytics

    1700 Sunnyside Ave Burlington, IA 52601-4553

    View on Map
    • Turn key restaurants
    • 1,161 SF
    • 0.15 lot acres
    Off-Market
    Last Sale Jul 14, 2023
    Property ID
    US25-2268576
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hungry Bear / Restaurant

    Property Details for 1700 Sunnyside Ave

    Year built
    1940
    Lot size
    0.15 lot acres
    Property size
    1,161 SF
    Property type
    Turn key restaurants
    APN
    11-29-379-019
    APU
    1129379019

    Description

    This exceptional opportunity presents the chance to acquire The Hungry Bear, a well-established breakfast and lunch restaurant located at 1700 Sunnyside Avenue in Burlington, Iowa. Operating successfully since 1976, this diner boasts a loyal customer base built on a reputation for excellent food and friendly service. The sale includes the entire business, real estate, and all furniture, fixtures, and equipment, providing a truly turnkey operation. The property sits on a 0.15-acre lot, offering ample space for the existing operations. Detailed financial information is available upon request, subject to the signing of a confidentiality agreement. This is an ideal acquisition for an experienced restaurateur looking to step into an already profitable venture or for an ambitious entrepreneur seeking to build upon a well-established foundation. The opportunity to continue the legacy of The Hungry Bear, or to reimagine the space with a new concept, is readily available. This is a rare chance to own a thriving business in a desirable location. Contact us today to schedule a viewing and learn more about this exciting opportunity. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.1129
    Latitude
    40.8266
    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
    $1,350
    $8,100
    $72,300
    $80,400
    -
    $8,100
    $72,300
    $80,400

    Comparable in this City

    • Value Estimation
      $550,000
      11,373 SF

      610 4th St, Unit 4

      RESTAURANT • 11,373 SF
      610 4th St, Burlington, IA 52601-5055
      View Details
    • Value Estimation by Request
      3,550 SF

      622 Jefferson St

      RESTAURANT • 3,550 SF
      622 Jefferson St, Burlington, IA 52601-5428
      View Details
    • Value Estimation
      $700,000
      18,523 SF

      2601 Madison Ave

      RESTAURANT • 18,523 SF
      2601 Madison Ave, Burlington, IA 52601-6622
      View Details
    • Value Estimation by Request
      1,978 SF

      1115 Roosevelt Ave

      RESTAURANT • 1,978 SF
      1115 Roosevelt Ave, Burlington, IA 52601-1964
      View Details
    • Value Estimation by Request
      1,918 SF

      1717 Summer St

      RESTAURANT • 1,918 SF
      1717 Summer St, Burlington, IA 52601-3268
      View Details
    • Value Estimation
      $580,000
      6,249 SF

      1053 Lawrence St

      RESTAURANT • 6,249 SF
      1053 Lawrence St, Burlington, IA 52601-1548
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,420 SF

      Established Downtown Italian Restaurant For Sale

      Turnkey restaurant opportunity with real estate and equipment included.
      316 N 4Th St, Burlington, IA 52601
      View Details
    • $499,000

      Versatile Commercial Building in Burlington

      Adaptable 18,000+ SF building on 1.89 acres in Burlington.
      2601 Madison Ave, Burlington, IA 52601
      View Details
    • $799,000

      Historical Building in Downtown Burlington

      Restored 15,959 SF building with restaurant/brewery potential.
      500 Jefferson St, Burlington, IA 52601
      View Details
    • $680,000

      Remodeled Restaurant with Ample Parking

      Recently remodeled restaurant with long-term tenant and ample parking.
      2806 Mount Pleasant St, Burlington, IA 52601
      View Details
    • New
      $39,900
      Pending

      Burlington Mixed-Use Property For Sale

      Mixed-use property with income potential in a desirable Burlington location.
      1919 S Main St, Burlington, IA 52601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Redeveloped Retail Center For Lease

      Retail spaces available in a newly redeveloped shopping center.
      2750 Mount Pleasant St, Burlington, IA 52601
      View Details
    • Contact for pricing

      Retail Space in Burlington Commons

      Community shopping center at a high-traffic intersection in Burlington, Iowa.
      3200 E Agency St, Burlington, IA 52601
      View Details
    • Contact for pricing

      Retail Space on Agency Street

      Retail space available on high-traffic Agency Street.
      3335 East Agency St, Burlington, IA 52601
      View Details
    • Contact for pricing

      Downtown Burlington Mixed-Use Space

      First-floor office or retail space in new mixed-use building.
      424 N 3Rd St, Burlington, IA 52601
      View Details
    • Contact for pricing

      Renovated Retail Space Available

      Recently renovated retail building with remaining space for lease.
      313 N Roosevelt Ave, Burlington, IA 52601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1700 Sunnyside Ave
    Burlington, IA 52601-4553
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1700 Sunnyside Ave, Burlington, IA, 52601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!