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

    3533 Main St Keokuk, IA 52632

    Sponsored
    For Sale
    $850,000

    High-yield shopping center, 5 tenants, 100% occupied.

    Property size:
    22,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Keokuk, IA shopping center presents a compelling value-add investment opportunity. The 22,200 square foot, single-story building, constructed in 1997 and situated on a 13.69-acre lot, boasts 100% occupancy with five tenants, including two credit tenants. The property features a recently resurfaced parking lot with 120 spaces, providing ample convenience for shoppers and employees. Located at 3533 Main St, the center benefits from high visibility on a major thoroughfare with 12,100 vehicles passing daily, providing excellent access to customers. The current Net Operating Income (NOI) is $65,085, with a pro-forma NOI of $88,723, reflecting a potential for significant revenue growth. The property is zoned C-Commercial, allowing for flexibility in future development. The current lease type is NNN, with a five-year lease term and two years remaining on the current agreements. Rent bumps are included in the lease agreements. The asking price is $850,000, representing a current cap rate of 7.66% and a pro-forma cap rate of 10.44%. This investment offers a strong foundation for long-term growth and profitability in the thriving commercial landscape of Southeast Iowa. The property's size and location provide significant potential for future expansion and diversification of revenue streams.

    Property Features for 3533 Main St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    22,200 SF
    Class
    B
    Lot Size
    596,336 SF

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • 22,200 SF, five‑unit commercial building.
    • Built in 1997, C‑zoned.
    • High‑traffic location on Main St, 12,100 VPD.
    • 100% occupancy with two credit tenants.
    • 13.69‑acre site.
    • $65,085 annual NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon 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
    -91.410633405252
    Latitude
    40.423185863655

    Nearby Similar for Sale

    • $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
    • $315,000
      0.80 Acres

      Refurbished Gymnasium in Solid Brick Structure

      Adaptable commercial building with refurbished gymnasium and large classrooms.
      914 Timea St, Keokuk, IA 52632
      View Details
    • $375,000
      2,450 SF

      Spacious Condo with Modern Amenities

      Well-maintained condo featuring open concept, modern kitchen, and geothermal unit.
      3252 Brookshire Dr, Keokuk, IA 52632
      View Details
    • $59,000
      1,764 SF

      Occupied Duplex with Garage

      Corner lot duplex in Keokuk, Iowa, 100% occupied.
      1329 Des Moines St, Keokuk, IA 52632
      View Details
    • Contact for pricing
      Pending

      Keokuk Duplex with Income Potential

      Up/down duplex with two 2-bedroom units, income potential.
      1606 Des Moines St, Keokuk, IA 52632
      View Details
    • $49,000
      2,664 SF

      Keokuk Duplex Fixer Upper

      Duplex in Keokuk, Iowa, ideal for renovation.
      517-519 A St, Keokuk, IA 52632
      View Details
    • $126,000
      9,328 SF

      Historic Keokuk Church & Parsonage

      Stately brick church, event space potential.
      1028 Exchange 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
    • $125,000
      5,967 SF

      Keokuk Mixed-Use Commercial Building

      Prime location, multiple income streams.
      22 5Th 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
    • Contact for pricing

      Keokuk Mixed-Use Building - $7,000

      Renovation Opportunity: Bar Included, As-Is.
      1318 Main St, Keokuk, IA 52632
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-yield shopping center, 5 tenants, 100% occupied.
    Where is this lifestyle center located?
    The property is located at 3533 Main St Keokuk, IA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 22,200 SF, five-unit commercial building.; Built in 1997, C-zoned.; High-traffic location on Main St, 12,100 VPD.
    Request Owner's contact information
    3533 Main St Keokuk, IA 52632
    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.
    3533 Main St
    Keokuk, IA 52632
    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
    3533 Main St Keokuk, IA 52632
    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.