2115 Roosevelt AveBurlington, IA 52601

Property Details for 2115 Roosevelt Ave

Year built

1925

Construction

FRAME

Lot size

0.24 AC

Property size (Sq ft)

1,121 SF

Property type

Office buildings

APN

10-25-430-015

APU

1025430015

Description

This exceptional commercial property, situated at 2115 N Roosevelt Avenue in Burlington, Iowa, presents a unique investment opportunity. The property enjoys a highly desirable location along the busy US Highway 61, experiencing a significant daily traffic count exceeding 23,000 vehicles. This high visibility ensures excellent exposure for any business. The offering encompasses a total of three parcels, providing ample space and flexibility for various development possibilities. Included in the sale is a detached two-car garage, offering additional storage or workspace. One parcel is a vacant lot, presenting further potential for expansion or future development. The property is priced at $250,000 and sits on a 0.24-acre lot. Its strategic location and versatile configuration make it an ideal choice for entrepreneurs seeking a prominent presence in a thriving area. The high volume of daily traffic guarantees substantial visibility, making this property an attractive investment for businesses seeking maximum exposure and accessibility. Serious inquiries are encouraged to explore the full potential of this exceptional commercial property. Don't miss this chance to secure a prime location in a bustling commercial corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $299,914

  6.5%

  $276,844

  7%

  $257,069

• Comparable approach

  Method

  Valuation

  Relative Method

  $87,393

  Geo Method

  $87,393

• Alternative Use

  Use

  Valuation

  Residential

  $343,286

  Hospitality

  $314,448

  Educational

  $261,617

  Medical

  $270,615

  Retail

  $406,960

Location Insight

City

Burlington

County

Des Moines

State

Iowa

Latitude

40.8317

Longitude

-91.1417

CBSA code

15460

CBSA name

BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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