424 N 3Rd St Burlington, IA 52601
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.
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Crime Stoppers Greater Charitable Organization Social Service Agency
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Burlington Animal Control Center City Government Office
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Police-Criminal Investigation Police Department
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Urbane424 Apartments Apartment Complex
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Narcotics Task Force City Government Office
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C3 · Burlington, IAThe 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
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.