Property summary
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
VerifiedCap rate & NOI
Current use
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Engineering Consultant Architect
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Geotechnical Engineer Drilling Contractor
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Radio Station Telecommunications Service
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Newspaper & Magazine Television Studio
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Radio Station Telecommunications Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property 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 trad…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C3 in Burlington, IA.
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Find the owner behind the property.
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