Property profile

724 N 3Rd St Burlington, IA 52601

FOR SALE
Office buildings
Property ID
US25-0268934
4,892 SF 0.16 ac lot Built 1956
Individually Owned 9-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Training Center Sports School
  • Crisis Center Medical Clinic
  • Foster Care Service Social Service Agency
  • Spa & Massage Center
  • Counselor Social Worker

Location

724 N 3Rd St Burlington, IA 52601
Burlington metro Census 200 BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2015
$185,000

Zoning & alternative use

C2 · Burlington, IA
Zoning description

The intent of this District is to provide for commercial business activities of a more general retail and wholesale nature, where no manufacturing, assembling, or fabrication is involved without the intrusion of resident…

General category INDUSTRIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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