Property summary
This exceptional mixed-use property in Keokuk, Iowa, presents a compelling investment opportunity. Located at 407 Blondeau St, this historically significant building boasts a blend of residential and commercial space, perfectly suited for a value-add strategy. The 12,031 square foot building, constructed in 1925 and extensively renovated in 2013, comprises six units: four apartments and two commercial spaces (retail/office). The property sits on a 0.72-acre lot and is zoned C-Commercial and… L-Residential 3+, offering flexibility for future development. Currently operating at 100% occupancy, the property generates a strong pro-forma NOI of $67,464, resulting in a 10% pro-forma cap rate. Significant upgrades include an ADA-compliant elevator, an energy-efficient sedum rooftop garden, and private garages – rare features in a building of this age. The property benefits from its location in an Opportunity Zone and includes surplus land adjacent to the building, presenting additional development or sale potential. The current lease type is gross, with multiple tenants. The building is a two-story structure, classified as Class B. While there are no existing pet fees, garage fees, or event venue charges for the rooftop and outdoor gathering space, there's potential to add revenue streams such as pet park or grill station amenities. The absence of extended stay or short-term lease options also presents an opportunity for increased income. This fully renovated, up-to-code property offers a predictable cost basis for future improvements, unlike many comparable mixed-use properties. The APN is 044521254360360.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
5 recorded sales · 8 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 13,500 SF
- Lot area
- 0.16 ac
- Year built
- 1860
- Stories
- 2
- APN
- 04-45-21-25-436-0360
- Assessed value · 2024
- $577,950
- Annual tax · 2023
- $17,618
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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