325 Main St Keokuk, IA 52632

Property Details for 325 Main St

Year built

1968

Lot size

0.96 lot acres

Property size

52,080 SF

Property type

Commercial real estate

Description

This exceptional 80-room Baymont Inn & Suites in Keokuk, Iowa, presents a compelling value-add investment opportunity. Located on Main Street, this property enjoys high visibility and prominent signage, directly across from the River City Mall, currently undergoing significant renovations. Its prime location, just two blocks from the Mississippi River and a scenic overlook, ensures strong appeal to both business and leisure travelers. The hotel features a diverse room mix including 4 King Suites, 24 King Rooms, and 52 Double Rooms. A significant asset is the 5,700 square foot finished basement banquet hall, complete with a reception area, restrooms, and flexible space divisible into three sections, offering substantial revenue potential with renovation. The property boasts the largest pool within a 50-mile radius, a key attraction for families and groups. Additional amenities include a fully equipped fitness center, business center, and meeting room. The main level also includes a former restaurant and bar with a large kitchen, presenting redevelopment opportunities for a restaurant or office space. Wyndham's Property Improvement Plan (PIP) outlines necessary upgrades, including exterior painting, window replacements, and furniture updates, providing a clear path to increased profitability. The 0.96-acre lot and 52,080 square feet of building space offer significant potential for a savvy investor. This property is poised for revitalization and substantial return on investment.

Location Insight

City

Keokuk

County

Lee

State

Iowa

Longitude

-91.382

Latitude

40.3949