829 Oak StBurlington, IA 52601

Property Details for 829 Oak St

Year built

1895

Construction

FRAME

Lot size

0.02 AC

Property size (Sq ft)

750 SF

Zone code

R3

Property type

Individual retail properties

APN

11-32-229-001

APU

1132229001

Description

This fully renovated 750-square-foot commercial property at 829 Oak Street in Burlington, Iowa, presents a remarkable opportunity for salon entrepreneurs. Located on a 0.02-acre lot, this turnkey space is immediately ready for operation. The interior boasts five stylish salon stations and two modern shampoo stations, ensuring ample capacity for clients. Recent renovations include updated electrical, plumbing, and HVAC systems, guaranteeing efficient and comfortable operation. Twelve-foot high ceilings create an airy and luxurious atmosphere, enhancing the client experience. The property's high-traffic location ensures excellent visibility and accessibility, maximizing potential clientele. This exceptional space offers a blend of functionality, sophistication, and a prime location to establish or expand a successful salon business. The asking price is $139,900. This is a rare opportunity to acquire a move-in ready commercial space in a desirable location. The property is zoned for general commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $294,964

  6.5%

  $272,275

  7%

  $252,827

• Comparable approach

  Method

  Valuation

  Relative Method

  $147,344

  Geo Method

  $147,344

• Alternative Use

  Use

  Valuation

  Residential

  $229,674

  Hospitality

  $210,380

  Educational

  $175,034

  Medical

  $181,054

  Retail

  $272,275

Location Insight

City

Burlington

County

Des Moines

State

Iowa

Latitude

40.8233

Longitude

-91.1068

CBSA code

15460

CBSA name

BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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