407 Blondeau St, Unit 101 Keokuk, IA 52632-5653
Property profile & analytics
407 Blondeau St, Unit 101 Keokuk, IA 52632-5653
- Investment properties
- 13,500 SF
- 0.16 lot acres
Property ID
US25-0998990
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 407 Blondeau St
- Year built
- 1860
- Lot size
- 0.16 lot acres
- Property size
- 13,500 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 04-45-21-25-436-0360
- APU
- 44521254360360
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Keokuk
- County
- Lee
- State
- Iowa
- Longitude
- -91.3814
- Latitude
- 40.396
- CBSA code
- 22800
- CBSA name
- FORT MADISON-KEOKUK, IA-IL-MO MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,618
$7,000
$570,950
$577,950
-
$7,000
$570,950
$577,950
