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Keokuk Retail Investment Opportunity
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3533 Main St, Keokuk, IA 52632

22,200 SF retail property with high visibility and expansion potential.

Property Size22,200 SF
Lot Size14.00 Acres
Price / SF$35.99
Days on Market653

Property Features for 3533 Main St

General Information

Standard status Active
Size 22,200 SF
Class B
Total Parking Spaces 120
Lot size 14.00 Acres
Property subtype Retail
Zoning C - Commercial
Occupancy 100%
Lease Type NNN
Investment Type Value Add
Net Operating Income $62,385

Building Details

Year Built 1997
Buildings 1
Stories 1
Units 5
Tenancy Multi
Listing Agency: CHASE. Collective
Listed By: Chase Keller, CCIM · License #B63136000
Source: Crexi
Added: Nov 20, 2024 Changed: Aug 24 Last Checked: Sep 3 at 8:26AM

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

Investment Insights

Based on property information with market context.

Located at 3533 Main St, Keokuk, IA, this 22,200 SF property presents a compelling investment opportunity. The property features a recently resurfaced parking lot and a newer building in excellent condition, reflecting a commitment to quality and maintenance. Benefiting from high visibility on the main corridor through town and the highway leading to Illinois and Missouri, the location attracts significant traffic, with 12,100 vehicles per day on Main Street. The property has a strong occupancy history, with only one current vacancy and four tenants, including two credit tenants. There is potential to increase rents over time, offering an opportunity to boost revenue and enhance financial performance. With almost 14 acres of land available, there is ample space to build additional buildings for retail or industrial/storage purposes, potentially diversifying revenue streams and expanding income-generating capacity. The abundance of parking enhances the property's appeal, providing convenience for tenants and customers. This property offers a combination of stability, growth potential, and versatility, making it suitable for those seeking a secure and lucrative opportunity in the retail and strip center market. Its location, tenant base, and acreage make it a choice for investors looking to capitalize on the commercial landscape of SE Iowa and unlock the property's potential for long-term success and value creation. This investment opportunity provides a foundation for investors to establish or expand their presence in the region and benefit from the property's strong performance and capacity for sustained growth and profitability.

Key Highlights

  • High traffic location on Main Street with 12,100 vehicles per day and excellent visibility.
  • Strong occupancy history with only one vacancy and 4 established tenants, including 2 credit tenants.
  • Significant potential to increase rents and boost revenue.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Hair Salon HVAC Service Kitchen & Bath Showroom Garden Center Dental Office Plumbing Service

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

214
Businesses Nearby
141k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Superstores 35% Shops & Services 30% Dining 19% Groceries 8%
Walmart Superstores
48,824 visits/mo 0.4 miles
Casey's General Store Shops & Services
16,861 visits/mo 0.1 miles
Dollar Tree Shops & Services
11,657 visits/mo 0.4 miles
Aldi Groceries
11,135 visits/mo 0.3 miles
Taco Bell Dining
9,948 visits/mo 0.3 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - 22,200 SF retail property with high visibility and expansion potential.
Where is this shopping center located?
The property is located at 3533 Main St Keokuk, IA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: High traffic location on Main Street with 12,100 vehicles per day and excellent visibility.; Strong occupancy history with only one vacancy and 4 established tenants, including 2 credit tenants.; Significant potential to increase rents and boost revenue.
More about this property
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