610 4Th StBurlington, IA 52601

Property Details for 610 4Th St

Year built

1927

Lot size

0.04 AC

Property size (Sq ft)

4,125 SF

Zone code

C3

Property type

Office buildings

APN

11-33-365-002

APU

1133365002

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,103,609

  6.5%

  $1,018,716

  7%

  $945,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $321,585

  Geo Method

  $321,585

• Alternative Use

  Use

  Valuation

  Residential

  $1,263,207

  Hospitality

  $1,157,091

  Educational

  $962,686

  Medical

  $995,794

  Retail

  $1,497,512

Location Insight

City

Burlington

County

Des Moines

State

Iowa

Latitude

40.8133

Longitude

-91.1026

CBSA code

15460

CBSA name

BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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