$1 Auction, 1.5 Acre Aldi Outparcel

Land Description

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Marcus & Millichap is pleased to present a ±1.57-Acre 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 R-4, multi-family zoning that allows for a wide variety of uses including residential, 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.