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    FOR SALE
    Office buildings

    724 N 3Rd St, Burlington, IA 52601

    4,892 SF 0.16 ac lot Built 1956
    Individually Owned 8-yr Hold Free & Clear
    Property ID
    US25-0268934
    Property summary
    AI-generated overview

    This exceptional two-story office building, constructed in 1956, is situated at 724 N. 3rd St., Burlington, IA 52601. Boasting stunning Mississippi River views, this property offers a unique blend of historical charm and modern functionality. Its prime location near downtown Burlington provides easy access to a variety of amenities, restaurants, and commercial centers. The building features ample parking, ensuring convenient access for employees and visitors. The asking price is $399,900. This presents a rare investment opportunity for businesses seeking to expand, relocate, or establish a presence in a thriving area. The property's convenient location and impressive views make it an attractive option for companies looking to create a positive and productive work environment. The building's character and functionality combine to offer a compelling proposition for discerning buyers. This is a truly unique opportunity to acquire a well-positioned office building in a desirable location. The property is zoned for commercial use and offers significant potential for growth and return on investment. Don't miss this chance to own a piece of Burlington's vibrant commercial landscape.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1956
    Total area 4,892 SF
    Lot 0.16 ac (7,144 SF)
    Zoning code C2
    APN 11-33-352-001
    UPID US25-0268934
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Kutting Edge Jiu-Jitsu Academy Training Center Sports School
    • Heartland Pathways Inc. Crisis Center Medical Clinic
    • Jerry Lynn Bloom Foster Care Service Social Service Agency
    • Bone Chilling Beauty Studio, LLC Spa & Massage Center
    • Nancy Dewes Counselor Social Worker
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Steven J Preader · 8 yrs held
    Steven J Preader
    since 2017
    2 recorded transactions
    2017
    2015
    $185,000
    Zoning & alternative use
    C2 · Burlington, IA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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