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Property profile & analytics
OFF-MARKET
Retail space

712 Main St 716 Keokuk, IA 52632-4840

7,334 SF 0.18 ac lot Built 1893
Individually Owned 3-yr Hold Free & Clear
Property ID
US25-0586554
Property summary
AI-generated overview

This exceptional investment opportunity presents a historically preserved Mesker building situated on a prime Main Street location in Keokuk, Iowa. The property comprises three street-level commercial spaces, each with its own Main Street entrance (712, 714, and 716). Above the street-level storefronts are three additional units, adaptable for either residential or commercial use, offering significant versatility. The building boasts extensive recent updates, enhancing its functionality and appeal. These improvements include a complete sewer line replacement and new plumbing installations (2021-2022), the addition of six new MisterCool mini-split air conditioning units, and the reapplication of a flat roof coating. Furthermore, the electrical system has undergone significant upgrades, featuring two new 100-amp electrical boxes on both the main and upper levels, along with new wiring and outlets throughout. Peters Heating and Air recently serviced and updated the forced-air furnaces and installed three new air conditioning units. The sale includes all existing commercial pizza restaurant equipment and booths. Ample parking is available both on Main Street and in a large gravel parking area at the rear of the property. Priced at $210,000, this property offers remarkable potential for diverse commercial and/or residential ventures. The historically detailed exterior and high-traffic location contribute to its exceptional value and investment prospects.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1893
Total area 7,334 SF
Lot 0.18 ac (7,700 SF)
APN 04-45-21-25-410-0050
UPID US25-0586554
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Pete J Joy · 3 yrs held
Pete J Joy
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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