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Property profile & analytics
OFF-MARKET
Individual retail properties

1919 Main St Burlington, IA 52601-6130

2,464 SF 0.11 ac lot Built 1890
Entity Owned 4-yr Hold Free & Clear
Property ID
US25-0274996
Property summary
AI-generated overview

This exceptional 2,432 square foot commercial property, situated on a 0.11-acre lot at 1919 S. Main St., Burlington, IA 52601, presents a unique investment opportunity. Currently vacant, this special-purpose building boasts significant potential for redevelopment. Previously utilized as a salon with a separate one-bedroom apartment above, featuring a private entrance and newly installed stairway, the property offers versatile layout options. The main level could easily be converted into a one- or two-bedroom residential unit, maximizing rental income potential. Many new windows have been installed, reducing future maintenance costs. The property includes an attached two-car garage and additional parking accessible from the alley, providing ample space for residents or clients. Its convenient location offers proximity to parks and walking trails, enhancing its appeal. Sold as-is, this property requires vision and renovation, but the rewards for a savvy investor are substantial. The asking price is $79,900. This is a chance to transform a building with history into a thriving commercial or mixed-use space in a desirable location. Don't miss this opportunity to capitalize on the potential of this unique property.

Property profile
Verified
Property type Individual retail properties
Use group BARBER, HAIR SALON
Year built 1890
Construction FRAME
Total area 2,464 SF
Lot 0.11 ac (4,792 SF)
Zoning code R2
APN 16-09-157-026
UPID US25-0274996
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • A Cut Above Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Iowa Geode Properties LLC · 4 yrs held
Iowa Geode Properties LLC
since 2022
4 recorded transactions
2022
$40,000
2020
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R2 · Burlington, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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