702 Palean St Keokuk, IA 52632-5336
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.