Property profile

702 Palean St Keokuk, IA 52632

OFF-MARKET
Self service car washes
Property ID
US25-0717959
2,184 SF 0.32 ac lot Built 1987
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving four-bay car wash situated at 702 Palean Street, Keokuk, Iowa. Boasting a prime location on busy South 7th Street/US Highway 136, this property ensures high visibility and consistent customer traffic. The main car wash building offers four bays for efficient vehicle cleaning, complemented by four convenient vacuum stations for customer use. Adding to its versatility, a substantial 30' x 18' detached garage provides ample space for detailing services or additional storage, expanding the potential revenue streams. The property sits on a 0.32-acre lot, providing sufficient space for operations and future expansion if desired. The total building size is 2,184 square feet. This turnkey operation is priced at $99,900 and presents a compelling opportunity for an investor seeking a profitable and established business in a desirable location. The high traffic count of the highway ensures a steady stream of potential customers, making this a truly attractive investment prospect. The existing infrastructure and equipment are in place, allowing for immediate operation and revenue generation. This is a rare chance to acquire a well-established business with significant earning potential.

Property profile

Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Year built 1987
Total area 2,184 SF
Lot 0.32 ac (14,000 SF)
APN 04-45-21-25-380-0160
UPID US25-0717959

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

702 Palean St Keokuk, IA 52632-5336
Keokuk metro Census 491000 FORT MADISON-KEOKUK, IA-IL-MO MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$55k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$55k

Owner & transaction history

since 2023
Last sale
$50,000
1 recorded transaction
2023
$50,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 702 Palean St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message