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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

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.
More about this property
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