Property profile

2601 Madison Ave Burlington, IA 52601

FOR SALE
Turn key restaurants
Property ID
US25-0043982
18,523 SF 1.89 ac lot Built 1942
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a commercial building located on a 1.89-acre site in south Burlington, Iowa, near Dankwardt and Crapo Parks. The building contains over 18,000 square feet and is arranged with a large front entrance area. Approximately 2,500 square feet are configured for restaurant and lounge use, with epoxy flooring, a kitchen and dishwashing area, and restrooms. The south portion includes a former 1,000-square-foot party room with separate bathrooms. The former brewing room covers approximately 12,750 square feet and features an 11' x 12' automatic door. An office area on the north end provides approximately 1,200 square feet and includes a private bathroom. The property also includes a large outdoor patio area and a spacious parking lot, and the building has a history of use as a bowling alley, brewing company, and restaurant.

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

Location

2601 Madison Ave Burlington, IA 52601
Burlington metro Census 600 BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2017
Price N/A
2017
Price N/A
2016
$90,000
2015
$78,600
2013
$150,000
1969
Price N/A

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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More about this property
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