Property profile

610 4th St Burlington, IA 52601

OFF-MARKET
Office buildings
Property ID
US25-0312218
4,125 SF 0.04 ac lot Built 1927
Individually Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial condominium, located in the desirable River Park Place building in downtown Burlington, Iowa, presents a unique investment opportunity. Boasting 2,700 square feet of versatile space on the first floor, this unit is currently configured as meeting rooms and classrooms, offering immediate usability. The layout is adaptable to a variety of business needs, making it suitable for a range of professional uses. The building itself is fully ADA compliant, ensuring accessibility for all. A significant advantage is the potential for expansion. Additional contiguous units within the building are available for purchase, allowing for a substantial increase in square footage, up to a total of 9,000 square feet. This scalability makes this property ideal for businesses anticipating growth or requiring larger spaces in the future. Situated in the heart of downtown Burlington, this location offers excellent visibility and convenient access to local amenities, transportation, and a thriving business community. The asking price of $329,900 represents a compelling value for a well-located, adaptable, and expandable commercial space in a desirable downtown setting. This is a rare opportunity to acquire a prime commercial property in a vibrant and growing urban center. Don't miss out on this chance to establish your business in a highly sought-after location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1927
Total area 4,125 SF
Lot 0.04 ac (1,742 SF)
Zoning code C3
APN 11-33-365-002
UPID US25-0312218

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
  • Engineering Consultant Architect
  • Geotechnical Engineer Drilling Contractor
  • Radio Station Telecommunications Service
  • Newspaper & Magazine Television Studio
  • Radio Station Telecommunications Service

Location

610 4th St Burlington, IA 52601-5055
Burlington metro Census 200 BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2005
2 recorded transactions
2005
Price N/A
2004
Price N/A

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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