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Property profile & analytics
FOR LEASE
Commercial land

424 N 3Rd St Burlington, IA 52601

0.33 ac lot Built 1873
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US25-0307227
Property summary
AI-generated overview

URBANE 424 offers a unique opportunity to lease street-level commercial space in Burlington, Iowa's revitalized downtown. This brand-new, five-story mixed-use building opened in May 2024 and boasts a total of 41,886 square feet. The available space, totaling up to 3,114 square feet, is ideal for retail or office use, providing excellent visibility and accessibility. Located at the corner of North 3rd Street and Columbia Street, the property benefits from a prime location just one block from the Mississippi River. The building itself is a modern structure, featuring 52 residential units on the upper four floors, creating a vibrant and active environment. The 0.328-acre site in Des Moines County offers convenient access to local amenities and a thriving community. This is a rare chance to secure space in a newly constructed building within a historic and rapidly developing area. The property's design caters to creative office tenants, offering a contemporary and functional workspace. The single building is situated in the 52601 zip code, providing easy access to transportation and local businesses. This exceptional opportunity combines the charm of a historic downtown setting with the modern conveniences of a newly built structure. Don't miss out on this chance to establish your business in a prime location.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1873
Lot 0.33 ac (14,288 SF)
Zoning code C3
APN 11-33-362-004
UPID US25-0307227
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
Current use
Occupant on record · Public records
  • Crime Stoppers Greater Charitable Organization Social Service Agency
  • Burlington Animal Control Center City Government Office
  • Police-Criminal Investigation Police Department
  • Urbane424 Apartments Apartment Complex
  • Narcotics Task Force City Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k
Owner & transaction history
Merge Burlington LLC
Merge Burlington LLC
since 2025
3 recorded transactions
2025
Price N/A
2024
Price N/A
2022
Price N/A
Zoning & alternative use
C3 · Burlington, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The Central Business District, Downtown Mixed Use, is intended to provide appropriate development regulations for Downtown Burlington, the grouping of uses is designed to strengthen the downtown role as a center for trade, service, housing, entertainment, and civic life, mixed uses are allowed and encouraged within the CBD District

Zone name Central Business District
General category MIXED_USE
Zone area 174.34 ac
Source Realmo
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