Property profile

313 Roosevelt Ave Burlington, IA 52601

OFF-MARKET
Retail space
Property ID
US25-0274100
80,976 SF 7.23 ac lot Built 1985
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property in Burlington, IA, offers a prime opportunity for businesses seeking high-visibility locations. The 78,640 square foot building has recently undergone renovations, creating a modern and attractive space for tenants. Currently, the property features a multi-tenant configuration with three suites. One suite, comprising 13,160 square feet, is immediately available. The building's recent renovations were specifically designed to accommodate retail and restaurant uses, making it ideal for a variety of businesses. The minimum divisible space is 13,160 square feet, providing ample room for expansion or flexibility in tenant needs. The property's strategic location ensures high foot traffic and excellent visibility, contributing to a strong potential for business success. The existing tenants, Tractor Supply and Ollie's Bargain Outlet, are established businesses that draw significant customer traffic to the center. This creates a synergistic environment for new tenants, benefiting from the established customer base. The available space is ready for immediate occupancy, offering a seamless transition for new businesses. This is a rare opportunity to secure a well-located, recently renovated retail space in a thriving market. Contact us today to learn more about this exceptional property and schedule a viewing.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Total area 80,976 SF
Lot 7.23 ac (314,939 SF)
Zoning code C2
APN 10-36-476-020
UPID US25-0274100

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
  • Carpet & Flooring Store Hardware & Home Improvement
  • Garden Center

Location

313 Roosevelt Ave Burlington, IA 52601-1713
Burlington metro Census 300 BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.62M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.73M
Blend (final) Blend
$1.56M

Owner & transaction history

since 2023
Last sale
$1.8M
4 recorded transactions
2023
$1.8M
2015
Price N/A
2006
Price N/A
2006
Price N/A

Zoning & alternative use

C2 · Burlington, IA
Zoning description

The intent of this District is to provide for commercial business activities of a more general retail and wholesale nature, where no manufacturing, assembling, or fabrication is involved without the intrusion of resident…

General category INDUSTRIAL
Top alternative use upside
Industrial (general) $2.6M +9.4%

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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