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    325 Main St Keokuk, IA 52632

    Sponsored
    For Sale
    $3,200,000

    80-Room Hotel, High-Visibility Location

    Property size:
    52,080 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 80-room Baymont Inn & Suites in Keokuk, Iowa, presents a compelling value-add investment opportunity. Located on Main Street, this property enjoys high visibility and prominent signage, directly across from the River City Mall, currently undergoing significant renovations. Its prime location, just two blocks from the Mississippi River and a scenic overlook, ensures strong appeal to both business and leisure travelers. The hotel features a diverse room mix including 4 King Suites, 24 King Rooms, and 52 Double Rooms. A significant asset is the 5,700 square foot finished basement banquet hall, complete with a reception area, restrooms, and flexible space divisible into three sections, offering substantial revenue potential with renovation. The property boasts the largest pool within a 50-mile radius, a key attraction for families and groups. Additional amenities include a fully equipped fitness center, business center, and meeting room. The main level also includes a former restaurant and bar with a large kitchen, presenting redevelopment opportunities for a restaurant or office space. Wyndham's Property Improvement Plan (PIP) outlines necessary upgrades, including exterior painting, window replacements, and furniture updates, providing a clear path to increased profitability. The 0.96-acre lot and 52,080 square feet of building space offer significant potential for a savvy investor. This property is poised for revitalization and substantial return on investment.

    Property Features for 325 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    52,080 SF
    Lot Size
    41,818 SF

    Building Details

    Year Built
    1968
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Keokuk
    County
    Lee
    State
    Iowa
    Longitude
    -91.38197
    Latitude
    40.39492

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    FAQs

    What type of property is this?
    Commercial real estate - 80-Room Hotel, High-Visibility Location
    Where is this commercial real estate located?
    The property is located at 325 Main St Keokuk, IA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    (319) 231-1160
    Request Owner's contact information
    325 Main St Keokuk, IA 52632
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    Keokuk, IA 52632
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    325 Main St Keokuk, IA 52632
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