Medical Office with
For Sale
$750,000
1414 Main Street, Keokuk, IA 52632
A 2015 redesign includes a flexible clinical layout, Main Street frontage, and an existing drive-through lane.
Property Size6,800 SF
Price / SF$87.27
Days on Market497
Property Features for 1414 Main Street
General Information
Standard status
Active
Size
6,800 SF
Property subtype
Office
Additional Details
Condition
Move-in Ready
Road Access
Yes
Property Use
Medical Office
Amenities
monument sign
drive-through lane
Building Details
Year Built
1996
Year Renovated
2015
Buildings
1
Building Size
6,800 SF
Construction
post-and-beam
Listing Agency:
CHASE Collective
(319) 231-1160
Listed By:
Liz Keller
(515) 423-5607
Source:
Prometrorealty
Added: Jun 24, 2025
Changed: Nov 1
Last Checked: Nov 1 at 1:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CHASE Collective
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office building was originally constructed in 1996 and comprehensively redesigned in 2015. Its clinical arrangement includes nine exam rooms, three private physician offices, an additional office behind reception, an X-ray room, a lab, and a procedure room. Reception and lobby space, a central nurses’ station, a staff lounge, four restrooms, a janitorial closet, and a delivery dock round out the interior. The 14-foot ceilings and post-and-beam construction allow interior walls to be reconfigured; a drive-through lane is also in place and currently unused.
The property fronts Main Street in Keokuk and has a monument sign. The corridor carries more than 12,100 vehicles daily, according to the supplied traffic figure. The existing plan is oriented to medical operations, while its structural layout supports redesign of the interior.
The property fronts Main Street in Keokuk and has a monument sign. The corridor carries more than 12,100 vehicles daily, according to the supplied traffic figure. The existing plan is oriented to medical operations, while its structural layout supports redesign of the interior.
Key Highlights
- Medical office redesigned in 2015; originally built in 1996
- Clinical plan includes 9 exam rooms and 3 private physician offices
- 14’ ceilings and post‑and‑beam construction without interior load‑bearing walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,253
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,060
$1.2M
Cap Rate 7%
$860,757
$860.8K
Cap Rate 9%
$669,478
$669.5K
Market Conditions
NOI Build-Up for 8,594 SF
Gross rent
$98.0K $11.40/SF
− Vacancy
−$17.6K −$2.05/SF
EGI
$80.3K $9.35/SF
− OpEx
−$20.1K −$2.34/SF
NOI
$60.3K $7.01/SF
Area
Lee County, IA
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,060
Cap Rate 7%
$860,757
Cap Rate 9%
$669,478
Alternative Uses
Best Use
Office B
$860.8K
$753.2K – $1.00M
NOI $60,253 @ 7.0% cap · market cap 8.03%
Second Best
Healthcare Medical
$767.6K
$671.6K – $895.5K
NOI $53,729 @ 7.0% cap · market cap 7.16%
Theoretical Best
Mixed Use
$1.46M
$1.28M – $1.70M
NOI $102,097 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 52632, IA
12,006
Population
5,793
Households
2.1
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
51.8 sq mi
ZIP Area
232
Density / Sq Mi
$52,547
Median Household Income
$32,407
Median Earnings
$803
Median Rent
$108,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
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- Ross Jeffrey T DVM — 1325 Johnson St, Keokuk, IA 52632, United States
- Keokuk Veterinary Hospital — 1325 Johnson St, Keokuk, IA 52632
Frequently Asked Questions
What type of property is this?
Medical Office Space - A 2015 redesign includes a flexible clinical layout, Main Street frontage, and an existing drive-through lane.
Where is this medical office space located?
The property is located at 1414 Main Street Keokuk, IA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Medical office redesigned in 2015; originally built in 1996; Clinical plan includes 9 exam rooms and 3 private physician offices; 14’ ceilings and post‑and‑beam construction without interior load‑bearing walls
