712 Main St 716 Keokuk, IA 52632-4840
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.
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.