1200 Central AveBurlington, IA 52601

Property Details for 1200 Central Ave

Year built

1915

Construction

FRAME

Lot size

0.12 AC

Property size (Sq ft)

1,895 SF

Zone code

C1

Property type

Individual retail properties

APN

16-08-209-001

APU

1608209001

Description

This exceptional commercial property located at 1200 S Central Avenue in Burlington, IA, presents a unique investment opportunity. Spanning 1,800 square feet on a 0.12-acre lot, this adaptable space offers diverse possibilities for a variety of businesses. Imagine a beauty salon, barbershop, retail store, or professional office – the possibilities are truly endless. The building has undergone significant recent upgrades, enhancing its functionality and value. Within the past year, the roof, furnace, and central air conditioning system have been replaced. Over the last decade, improvements have included new windows, a 200-amp electrical service upgrade, and updated plumbing. Adding to the property's appeal is a one-bedroom apartment at the rear, currently leased for $600 per month with a remaining lease term. This provides a consistent stream of supplemental income, making this a truly attractive investment. The property's prime location in Burlington, IA, ensures high visibility and accessibility, further enhancing its potential for success. This is a rare opportunity to acquire a well-maintained, versatile commercial property with immediate income generation. Don't miss out on this chance to expand your business horizons. The asking price is $92,000.

• CAP approach

  CAP return

  Valuation

  6%

  $745,277

  6.5%

  $687,948

  7%

  $638,809

• Comparable approach

  Method

  Valuation

  Relative Method

  $372,290

  Geo Method

  $372,290

• Alternative Use

  Use

  Valuation

  Residential

  $580,310

  Hospitality

  $531,561

  Educational

  $442,252

  Medical

  $457,462

  Retail

  $687,948

Location Insight

City

Burlington

County

Des Moines

State

Iowa

Latitude

40.7956

Longitude

-91.1095

CBSA code

15460

CBSA name

BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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