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    829 Main St Keokuk, IA 52632

    For Sale
    $405,000

    High-traffic Main Street retail building, strong tenant.

    Property size:
    2,580 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment property, located at 829 Main Street in Keokuk, Iowa, presents a prime single-tenant retail opportunity. The 2,580 square foot building sits on a 0.34-acre lot and boasts 25 parking spaces, ensuring ample customer convenience. Currently occupied by a nationally recognized, long-term tenant, H&R Block, since 2005, this property offers a stable and predictable income stream. The building, originally constructed in 1969, underwent a complete renovation in 2005 and is scheduled for another full interior renovation in summer 2025, paid for by the tenant. Its strategic corner location at Main and 9th Streets provides excellent visibility and accessibility within a high-traffic area, further enhancing its appeal. The current lease term extends to April 2026, with a 5-year renewal option, providing investors with significant long-term stability and potential for continued cash flow. The property offers a compelling 9.14% cap rate and is listed at $405,000. The $14.35 per square foot NNN lease structure contributes to the property's low maintenance requirements and strong income potential, making it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a stable, high-performing retail property with a nationally recognized tenant and a strong track record.

    Property Features for 829 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    2,580 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1969
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Keokuk
    County
    Lee
    State
    Iowa
    Longitude
    -91.38611
    Latitude
    40.39892

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    FAQs

    What type of property is this?
    Retail property - High-traffic Main Street retail building, strong tenant.
    Where is this retail property located?
    The property is located at 829 Main St Keokuk, IA.
    What is the asking price?
    The asking price for this property is $405,000.
    (319) 231-1160
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    829 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
    829 Main St Keokuk, IA 52632
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