Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2083 Keokuk St Hamilton, IL 62341

    Sponsored
    For Sale
    $1,225,000

    NNN Lease, High-Traffic Location, Strong Tenant

    Property size:
    9,100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional retail investment property, located at 2083 Keokuk Street in Hamilton, Illinois, presents a compelling opportunity for discerning investors. The 9,100 square foot building is currently under an absolute NNN lease, eliminating all landlord responsibilities. The lease boasts a significant remaining term of 6.5 years, with three 5-year options to extend. Each renewal option includes a 10% increase in the rental rate, providing built-in growth potential. The property benefits from a prime location on a main thoroughfare, experiencing an average annual daily traffic count of 4,050 vehicles on US Highway 136. The surrounding demographics are strong, with a three-mile household income averaging $64,000 and a population of 38,700 within a ten-mile radius. Further enhancing the investment's security is the corporate guaranty provided by a BBB investment-grade tenant. This turnkey investment offers a stable income stream with significant long-term upside, making it an ideal addition to any portfolio. The property sits on a 0-acre lot and is classified as retail space. The asking price for this exceptional opportunity is $1,225,000.

    Property Features for 2083 Keokuk St

    General Information

    Property type
    Retail properties
    Square Feet
    9,100 SF

    Building Details

    Year Built
    2010
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service Redbox Movie Rental Kiosk

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Hancock
    State
    Illinois
    Longitude
    -91.32549
    Latitude
    40.39673

    Nearby Comparable

    • $60,000
      1,344 SF

      Hamilton, IL Duplex Opportunity

      Duplex or single-family conversion opportunity in Hamilton, Illinois.
      305 S 14Th St, Hamilton, IL 62341
      View Details
    • New
      $78,900
      1,188 SF

      Hamilton, IL Duplex For Sale

      Well-maintained duplex in Hamilton, Illinois, with positive cash flow.
      250-260 S 13Th St, Hamilton, IL 62341
      View Details
    • $45,000

      Two-Story Commercial Building in Hamilton

      Charming two-story building in downtown Hamilton with business and residence history.
      40 N 9Th St, Hamilton, IL 62341
      View Details
    • $74,500

      Downtown Hamilton Commercial Gem

      Historic building, versatile space, TIF district.
      40 9Th St, Hamilton, IL 62341
      View Details
    • Contact for pricing
      0.58 Acres

      Commercial Land Near Keokuk Bridge

      Visible commercial lot near Keokuk bridge, suitable for business.
      2nd Main St, Keokuk, IA 52632
      View Details
    • $120,000
      3,589 SF

      Prime Keokuk Commercial Space

      High-visibility Main Street location, ready for your business.
      205 Main St, Keokuk, IA 52632
      View Details
    • $3,200,000
      52,080 SF

      Keokuk Hotel: Value-Add Opportunity

      80-Room Hotel, High-Visibility Location
      325 Main St, Keokuk, IA 52632
      View Details
    • $125,000
      5,967 SF

      Keokuk Mixed-Use Commercial Building

      Prime location, multiple income streams.
      22 5Th St, Keokuk, IA 52632
      View Details
    • $125,000

      Historic Main Street Commercial

      Prime Keokuk location, 3840 sq ft.
      429 Main St, Keokuk, IA 52632
      View Details
    • $800,000
      0.39 Acres

      Iconic Downtown Investment Opportunity

      Multi-use commercial building with strong income and timeless character.
      629 Blondeau St, Keokuk, IA 52632
      View Details
    • $405,000
      2,580 SF

      Keokuk Retail Investment Opportunity

      High-traffic Main Street retail building, strong tenant.
      829 Main St, Keokuk, IA 52632
      View Details

    Nearby Similar for Sale

    • $45,000

      Two-Story Commercial Building in Hamilton

      Charming two-story building in downtown Hamilton with business and residence history.
      40 N 9Th St, Hamilton, IL 62341
      View Details
    • New
      $78,900
      1,188 SF

      Hamilton, IL Duplex For Sale

      Well-maintained duplex in Hamilton, Illinois, with positive cash flow.
      250-260 S 13Th St, Hamilton, IL 62341
      View Details
    • $60,000
      1,344 SF

      Hamilton, IL Duplex Opportunity

      Duplex or single-family conversion opportunity in Hamilton, Illinois.
      305 S 14Th St, Hamilton, IL 62341
      View Details
    • $74,500

      Downtown Hamilton Commercial Gem

      Historic building, versatile space, TIF district.
      40 9Th St, Hamilton, IL 62341
      View Details

    FAQs

    What type of property is this?
    Retail property - NNN Lease, High-Traffic Location, Strong Tenant
    Where is this retail property located?
    The property is located at 2083 Keokuk St Hamilton, IL.
    What is the asking price?
    The asking price for this property is $1,225,000.
    (217) 351-1988
    Request Owner's contact information
    2083 Keokuk St Hamilton, IL 62341
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2083 Keokuk St
    Hamilton, IL 62341
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2083 Keokuk St Hamilton, IL 62341
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.