214 4Th StBurlington, IA 52601

Property Details for 214 4Th St

Year built

1870

Lot size

0.25 AC

Property size (Sq ft)

32,550 SF

Zone code

C3

Property type

Office buildings

APN

16-05-234-006

APU

1605234006

Description

This exceptional mixed-use property, located at 214 N 4th Street in Burlington, IA, presents a rare investment opportunity in the vibrant downtown area. Spanning a substantial 30,000 square feet, this property offers a unique blend of commercial and residential spaces, creating multiple revenue streams. Situated on a 0.25-acre lot, the building's prime location ensures high visibility and accessibility. The versatile layout allows for a variety of uses, catering to diverse business and residential needs. This presents a significant advantage for investors seeking a property with strong potential for long-term growth and profitability. The property's size and location within the bustling downtown district make it an ideal choice for entrepreneurs and investors alike. The combination of commercial and residential units provides a balanced and diversified income stream, mitigating risk and maximizing returns. This is a chance to acquire a well-positioned asset in a thriving urban center. The property's substantial square footage offers ample space for expansion or adaptation to suit evolving market demands. Serious inquiries are encouraged to explore the full potential of this remarkable investment opportunity. The asking price is $560,000.

• CAP approach

  CAP return

  Valuation

  6%

  $8,708,475

  6.5%

  $8,038,592

  7%

  $7,464,407

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,537,598

  Geo Method

  $2,537,598

• Alternative Use

  Use

  Valuation

  Residential

  $9,967,854

  Hospitality

  $9,130,501

  Educational

  $7,596,470

  Medical

  $7,857,724

  Retail

  $11,816,730

Location Insight

City

Burlington

County

Des Moines

State

Iowa

Latitude

40.8098

Longitude

-91.1036

CBSA code

15460

CBSA name

BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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