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31774147
31774148

adj. to 3135 E Agency St, Burlington, IA 52601

JR
IA B63379000, MN MN 40583288 (+4)
Marcus & Millichap - Minneapolis
Listed by Marcus & Millichap - Minneapolis
$75,000
44 days on market
Updated 30 days ago
Opportunity zone

$1 Auction – 1.57 Acre Aldi Outparcel | Hy-Vee Shadow

Details
Property Type Land
Sub Type Commercial
Acreage 1.570
Zoning C-1
Ownership fee simple

ABSOLUTE $1 AUCTION | 1.57 Acre Aldi Outparcel | Hy-Vee Shadow | 10K VPD | AUCTION JUNE 8-10

Marketing description

Marcus & Millichap is pleased to present a ±1.57-acre commercial development site located adjacent to 3135 E Agency Street (the “Property”) in Burlington, Iowa. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE!

The Property consists of a 1.57-acre parcel adjacent to Aldi Supermarket and benefits from frontage along Columbus Drive just off E Agency Street with ±10,222 vehicles per day, providing strong visibility and accessibility. The Property benefits from favorable C-1, Limited Commercial zoning that allows for a wide variety of uses including retail, restaurant, bank, office, child day care, medical, and others. Nearby traffic drivers include Walmart, Lowe’s, Kohl’s, Harbor Freight, Hobby Lobby, Ollie’s, Walgreens, Chick-fil-A, Starbucks, Burlington High School, Harley Davidson, and Catfish Bend Casino. Due to its strategic location in a strong retail corridor, the Property presents developers with a prime development opportunity with the potential for significant upside.

Located in Southeast Iowa, Burlington is a strong submarket that functions as a regional commercial and retail hub for the surrounding tri-state area. The market has longstanding manufacturing roots and benefits from multimodal connectivity, including US Highways 34 and 61, Mississippi River access, rail service, and the Southeast Iowa Regional Airport, supporting a broad mix of industrial, service-commercial, and neighborhood retail demand. Recent business expansion in the area, including Western Smokehouse’s planned Burlington plant expansion and job growth, reinforces the region’s ongoing economic activity and manufacturing base. The Property is located in an area that serves 30,049 people with an average household income of ±$75,352 within a 5-mile area further enhancing the area’s retail potential. For commercial real estate investors unfamiliar with the area, Burlington offers exposure to an established riverfront market with regional draw, durable employment drivers, and connectivity that supports a range of commercial asset uses.

Investment highlights

  • ABSOLUTE $1 AUCTION | 1.57 Acre Aldi Outparcel | Hy-Vee Shadow | 10K VPD | AUCTION JUNE 8-10
  • ±1.57 Acre Commercial Development Site in Burlington, IA adjacent to Aldi, Hy-Vee Supermarket, Burlington, Dick’s, and more
  • Attractive Demographics with Annual Household Income of ±$75,352 and Population of ±30,049 Individuals (5-Mile)
  • Visibility on E Agency St with ±10,222 Vehicles per Day and Near US-34 with ±12K VPD and US-61 with ±15K VPD
  • Nearby National Retailers: Walmart, Lowe’s, Kohl’s, Harbor Freight, Hobby Lobby, Ollie’s, Walgreens, Chick-fil-A, Starbucks
  • Favorable C-1, Limited Commercial Zoning with Permitted Uses including Retail, Bank, Restaurant, Office, Child Day Care, Medical
  • Absolute $1 Auction - NO RESERVE

Listing Contacts

JR
IA B63379000, MN MN 40583288 (+4)
Marcus & Millichap - Minneapolis
Listed by Marcus & Millichap - Minneapolis

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Additional Information

Name
Jon Ruzicka
License
IA B63379000
Title
Broker of Record
Name
Jon Ruzicka
License
B63379000
Brokerage
Marcus & Millichap
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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