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Property profile

600 Main St Burlington, IA 52601

OFF-MARKET
Medical Office Space
Property ID
US25-0376171
View Sample
6,964 SF 0.31 ac lot Built 1981
Entity Owned 4-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional opportunity presents four versatile office spaces for lease within the prestigious Riverside Office Complex, located in the heart of Downtown Burlington. The available units range in size from 124 square feet to 338 square feet, catering to a variety of business needs. Each space benefits from included utilities, encompassing internet access, a customized phone system with up to two lines, central air conditioning and heating, and access to shared public restrooms and a conference room. The building offers both private and public parking for your convenience. Prominent signage opportunities are available to showcase your business name. Monthly rental rates range from $300 to $700, depending on the selected space. A security deposit equal to one month's rent is required, along with the last month's rent, payable within three months of lease commencement. This policy is in place to mitigate potential damages and ensure responsible tenancy. A yearly lease is required. The application process includes providing references and undergoing a credit/background check for a $39.99 fee (credited towards rent if approved). A move-in cost of $1000 is required, encompassing the security deposit, first month's rent, and last month's rent (due within three months). No smoking is permitted on the premises. Contact us today to schedule a viewing and secure your ideal workspace.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1981
Total area 6,964 SF
Lot 0.31 ac (13,678 SF)
Zoning code C3
APN 11-33-357-005
UPID US25-0376171

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Electronics & Wireless Store
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2021
Last sale
$320,000
1 recorded transaction
2021
$320,000

Zoning & alternative use

C3 · Burlington, IA
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 trad…

General category MIXED_USE

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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