702 Palean St Keokuk, IA 52632-5336
- Self service car washes
- 2,184 SF
- 0.32 lot acres
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
-
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