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    Property profile & analytics

    321 Main St Burlington, IA 52601

    • Office buildings
    • 21,420 SF
    • 0.16 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US25-0447500
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 321 Main St

    Year built
    1870
    Lot size
    0.16 lot acres
    Property size
    21,420 SF
    Zone code
    C3
    Property type
    Office buildings
    APN
    16-04-104-013
    APU
    1604104013

    Description

    This exceptional commercial property, located at 321 S Main Street in Burlington, Iowa, is being offered at a court-ordered in-person auction on Tuesday, February 25, 2025, at 10:00 a.m. The auction will be held at the First United Methodist Church Loft #2, 416 Jefferson St, Burlington, IA 52601. The property comprises a substantial amount of space ideal for various commercial uses. The buildings include a 3,060 square foot warehouse constructed in 1947, a larger 5,473 square foot warehouse built in 1955, and a 1,053 square foot retail store, also dating back to 1947. The property also features valuable exterior improvements. These include mercury vapor yard lighting (installed in 1947), a concrete paved parking lot (1947), and chain link fencing (1955). This presents a unique opportunity to acquire a significant commercial property in a desirable location. The property's size and diverse building components offer considerable flexibility for a range of business ventures. Interested parties are encouraged to attend the auction to explore this promising investment opportunity. The property is being sold as-is. All interested parties should conduct their own due diligence prior to bidding.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $465,000

    • CAP approach

      CAP return
      Estimation
      6%
      $515,000
      6.5%
      $550,000
      7%
      $515,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $545,000
      Geo Method
      $525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $555,000
      Retail
      $505,000
      Mixed-Use
      $445,000
      Hospitality
      $565,000
      Educational
      $520,000
      Residential Income
      $560,000
      Energy
      $555,000
      Income-Based Land
      $500,000
      Food Service
      $525,000

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.1017
    Latitude
    40.8105
    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
    $11,354
    $14,300
    $601,200
    $615,500
    -
    $14,300
    $601,200
    $615,500

    Comparable in this City

    • Value Estimation by Request
      2,016 SF

      610 Main St

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      610 Main St, Burlington, IA 52601-5012
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      818 Maple St

      OFFICE BUILDING • 2,748 SF
      818 Maple St, Burlington, IA 52601-5749
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    • Value Estimation by Request
      63,016 SF

      527 Roosevelt Ave

      OFFICE BUILDING • 63,016 SF
      527 Roosevelt Ave, Burlington, IA 52601-1667
      View Details
    • Value Estimation by Request
      4,480 SF

      507 Jefferson St

      OFFICE BUILDING • 4,480 SF
      507 Jefferson St, Burlington, IA 52601
      View Details
    • Value Estimation by Request
      10,076 SF

      3535 Agency St

      OFFICE BUILDING • 10,076 SF
      3535 Agency St, Burlington, IA 52601-1995
      View Details
    • Value Estimation
      $185,000
      1,702 SF

      1200 Main St

      OFFICE BUILDING • 1,702 SF
      1200 Main St, Burlington, IA 52601-6063
      View Details

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    321 Main St
    Burlington, IA 52601
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    Realmo Value Estimation

    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.

    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.

    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
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