Financial
Distress signals
Property profile

424 3rd St Burlington, IA 52601

OFF-MARKET
Commercial land
Property ID
US25-0307227
0.33 ac lot Built 1873
Last sale Nov 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Up to 3,114 square feet of first-floor office or retail space is available within URBANE 424, a newly constructed five-story mixed-use building completed in May 2024. The building has 52 residential units on the upper four floors and commercial space on the first floor. The property is located at the corner of N. 3rd Street and Columbia Street in downtown Burlington, in a walkable area near the Mississippi River.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2021

What does the county charge?
$2k
Tax billed · 2021
Assessed value · 2023$21k
Assessed land$21k
Effective rate7.01%

Value estimate

· Sep 2026
$225k
$203k – $248k
AI approach$225k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C3
The Central Business District, Downtown Mixed Use, is intended to provide appropriate development regulations for Downtown Burlington, th...
General categoryMIXED_USE
JurisdictionDES MOINES

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.2
Furniture Store9.8
Auto Parts Store9.5

Location

424 3rd St Burlington, IA 52601-5224
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1612 Roosevelt, Burlington, IA 52601 $138,000 Dec 2024 No data
Legacy, Burlington, IA 52601 $1,251,500 Jul 2024 No data
1124 Willow, Burlington, IA 52601 $25,000 May 2024 No data
Kirkwood, Burlington, IA 52601 $85,000 May 2023 No data
Vly, Burlington, IA 52601 $10,000 Mar 2023 No data
Vly, Burlington, IA 52601 $29,000 Oct 2022 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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