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Property profile & analytics
OFF-MARKET
Turn key restaurants

205 Main St Keokuk, IA 52632-5837

3,589 SF 0.41 ac lot Built 1969
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0375534
Property summary
AI-generated overview

This exceptional 3,589 square foot commercial building, located at 205 Main Street in Keokuk, Iowa, presents a unique opportunity for entrepreneurs and investors. Previously used as a restaurant, the interior has been largely renovated, offering a blank slate for customization. The property boasts a highly desirable Main Street location, providing over 125 feet of street frontage, ensuring maximum visibility and exposure to significant pedestrian and vehicular traffic. The 0.41-acre lot includes ample parking, easily accommodating both customers and employees, a crucial asset for any business. The building's versatile layout allows for a wide range of commercial uses, making it an ideal investment for those seeking a prominent location with significant potential. The asking price of $120,000 represents a compelling value for a property of this size and location in Keokuk. The extensive street frontage and ample parking make this a truly exceptional opportunity to establish or relocate your business in a thriving area. The property's adaptability and prime location combine to create a strong foundation for future success. Don't miss this chance to secure a highly visible and functional commercial space in the heart of Keokuk.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1969
Total area 3,589 SF
Lot 0.41 ac (17,873 SF)
APN 04-45-21-25-481-0020
UPID US25-0375534
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Decker Manufacturing Co · 1 yrs held
Decker Manufacturing Co
since 2025
2 recorded transactions
2025
$60,000
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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