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Former School Building with Refurbished Gym
For Sale
$275,000

914 Timea Street, Keokuk, IA 52632

COMMERCIAL - Keokuk, IA

Property SizeContact for details
Lot Size0.80 Acres
Days on Market310

Property Features for 914 Timea Street

General Information

Property type Commercial Sale
Property subtype Other
Basement Partial
Directions From Main Street heading south, turn right onto S 10th Street. Go 4 blocks, turn left onto Timea Street.
Standard status Active
APN 044521253340030
Lot size 0.80 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description KKK LOTS 1-5 BLK 142
Tax Annual Amount 3366
Legal Description KKK LOTS 1-5 BLK 142

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1900
Number of units 1
Building materials Brick, Concrete, Frame
Listing Agency: Weichert Realtors-The Massimo Group
Listed By: Tammy Panther · License #***
Added: Oct 6, 2025 Changed: Aug 4 Last Checked: Aug 11 at 7:06PM
MLS# 6332546

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This solid brick former school building is designed around a centrally located, refurbished gymnasium that serves as the hub of the property. The interior layout includes 14 large classrooms and 6+ offices, offering multiple room types suitable for classroom-style operations and private work areas. The building is approximately 26,000 square feet under roof.

The property is located at 914 Timea Street in Keokuk, IA (Lee County). The listing also notes an additional parcel included with the offering, bringing the total lot size to approximately 77,000 square feet.

While originally built for educational use, the configuration supports a variety of repurposing scenarios that require a combination of larger open rooms and office space. The presence of the refurbished gymnasium and the classroom-and-office mix make the building particularly practical for operators seeking a turnkey core for a new community-focused program or business format, subject to applicable approvals.

Key Highlights

  • Former Wells Carey School building with refurbished gymnasium as the hub of the property
  • Over 26,000 SF under roof plus an extra parcel totaling 77,000 SF lot size
  • Features 14 classrooms and 6+ offices

Property Analytics

Current Use

Schools

Suggested Use

Top Pick Auto Parts Store HVAC Service Grocery & Convenience Store Furniture & Home Goods Garden Center Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

533
Businesses Nearby

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
School - Solid brick former school with a refurbished gymnasium, classrooms, and offices, adaptable for a new operating use.
Where is this school located?
The property is located at 914 Timea Street Keokuk, IA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Former Wells Carey School building with refurbished gymnasium as the hub of the property; Over 26,000 SF under roof plus an extra parcel totaling 77,000 SF lot size; Features 14 classrooms and 6+ offices
More about this property
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