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    FOR SALE
    Turn key restaurants

    2601 Madison Ave, Burlington, IA 52601

    18,523 SF 1.89 ac lot Built 1942
    Entity Owned ~ Est. High Equity
    Property ID
    US25-0043982
    Property summary
    AI-generated overview

    This exceptional 18,523 square foot commercial building sits on a spacious 1.89-acre lot at 2601 Madison Avenue in Burlington, Iowa. Previously a bowling alley, it underwent a complete transformation in 2016, becoming a thriving brewery and restaurant. The property boasts a substantial 5,000+ square foot restaurant and lounge area, featuring durable epoxy flooring, well-appointed restrooms, a welcoming front entrance, and a fully equipped kitchen and dishwashing area. A versatile 1,000 square foot party room, complete with two bathrooms, is located on the south end of the building. The former brewing area encompasses 12,750 square feet and includes a large 11' x 12' automatic door, offering significant potential for various uses. A 1,200 square foot office space with a private bathroom is situated on the north end, providing a separate and private workspace. The property also features a generous outdoor patio area along the front, perfect for outdoor seating or events, and a large parking lot ensuring ample space for customers and employees. This versatile property presents a unique opportunity for a variety of commercial ventures in a desirable Burlington location. The combination of existing restaurant/brewery infrastructure, ample space, and convenient parking makes this an attractive investment.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1942
    Total area 18,523 SF
    Lot 1.89 ac (82,328 SF)
    Zoning code C1
    APN 16-17-204-015
    UPID US25-0043982
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $700k
    Owner & transaction history
    City Of Burlington
    City Of Burlington
    since 2025
    7 recorded transactions
    2025
    2017
    2017
    2016
    $90,000
    2015
    $78,600
    2013
    $150,000
    1969
    Zoning & alternative use
    C1 · Burlington, IA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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