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Property profile & analytics

702 Palean St Keokuk, IA 52632-5336

  • Self service car washes
  • 2,184 SF
  • 0.32 lot acres
OFF-MARKET
Value Estimation
$60,000
Last Sale
Jun 23, 2023
$50,000
Location Intelligence
Property ID
US25-0717959
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.

Current Use by Public Records

  • Self service car washes

Property Details for 702 Palean St

Year built
1987
Lot size
0.32 lot acres
Property size
2,184 SF
Property type
Self service car washes
APN
04-45-21-25-380-0160
APU
44521253800160

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $55,000
  • CAP approach

    CAP return
    Estimation
    6%
    $65,000
    6.5%
    $65,000
    7%
    $65,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $70,000
    Geo Method
    $55,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $70,000
    Retail
    $60,000
    Mixed-Use
    $70,000
    Hospitality
    $65,000
    Educational
    $70,000
    Residential Income
    $55,000
    Energy
    $75,000
    Income-Based Land
    $65,000
    Food Service
    $70,000

Location Insight

  • Map
  • Local Demand
City
Keokuk
County
Lee
State
Iowa
Longitude
-91.3917
Latitude
40.3936
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
$1,510
$14,000
$52,970
$66,970
-
$14,000
$52,970
$66,970
More about this property
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