Property profile

425 Leebrick St Burlington, IA 52601

OFF-MARKET
Retail space
Property ID
US25-0448049
1,034 SF 0.03 ac lot Built 1880
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 425 S Leebrick Street in Burlington, Iowa, presents a unique opportunity for entrepreneurs and businesses seeking a versatile space. Situated on a 0.03-acre lot, the building offers significant potential for customization and personalization to suit a wide range of commercial uses. The asking price is $29,900, making it an attractive investment for those seeking a cost-effective entry into the Burlington market. The property's size is not specified, allowing for flexibility in planning and design. Its central location within Burlington offers excellent visibility and accessibility, providing a strong foundation for business growth. The adaptable nature of the building allows for a variety of potential uses, from retail spaces to offices, or even light industrial applications. This presents a rare chance to acquire a property with significant upside potential in a thriving Iowa community. The absence of specific square footage details allows for creative design and layout to perfectly match the needs of the future occupant. This is an ideal opportunity for a business owner looking to establish a presence in a desirable location at a competitive price point. Serious inquiries are encouraged to explore the possibilities this property offers. The property's blank canvas nature allows for complete customization, making it a truly unique investment opportunity.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1880
Total area 1,034 SF
Lot 0.03 ac (1,089 SF)
Zoning code R4
APN 16-05-156-019
UPID US25-0448049

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

425 Leebrick St Burlington, IA 52601-2973
Burlington metro Census 400 BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2023
2 recorded transactions
2023
$43,000
2016
$19,875

Zoning & alternative use

R4 · Burlington, IA
Zoning description

This district is intended to allow for medium and high density neighborhoods by providing varying area requirements

General category RESIDENTIAL

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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