205 Main St Montrose, IA 52632
- Retail properties
- 3,589 SF
- 0.41 lot acres
Current Use by Public Records
- Retail properties
Property Details for 205 Main St
- Year built
- 1969
- Lot size
- 0.41 lot acres
- Property size
- 3,589 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This 3,589 square foot, single-unit restaurant building in Keokuk, Iowa is available for redevelopment. Located at 205 Main St, this C-Class property sits on a 0.41-acre lot (APN: 044521254810020) and was built in 1969. The property is zoned for commercial use and benefits from its location on a high-traffic area with an average of 10,700 vehicles passing daily. The asking price is $100,000. This distressed property presents a significant opportunity for investors seeking to capitalize on its prime location within the River City Mall area, which is the largest mall in the area and benefits from its proximity to US Highway 218 and the Mississippi River. Lee County offers various business incentives, including Opportunity Zones and tax abatements, further enhancing the investment potential. The county's robust transportation infrastructure, including road, rail, and river access, provides excellent connectivity to regional and international markets. The area boasts a rich cultural heritage and a diverse workforce, creating a vibrant and attractive environment for businesses. This property's size and location make it suitable for a variety of retail or restaurant concepts. The property's history and established presence offer a chance to revitalize a well-positioned building in a thriving community. The potential for creating a successful business in this location is significant.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montrose
- County
- Lee
- State
- Iowa
- Longitude
- -91.3811
- Latitude
- 40.3937
