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Property profile & analytics
OFF-MARKET
Self service car washes

702 Palean St Keokuk, IA 52632-5336

2,184 SF 0.32 ac lot Built 1987
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US25-0717959
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Commercial Contracting Services LLC · 3 yrs held
Commercial Contracting Services LLC
since 2023
Last sale
$50,000
1 recorded transaction
2023
$50,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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