1318 Main StKeokuk, IA 52632

Property Details for 1318 Main St

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

980 SF

Property type

Bars

Property subtype

Pubs

APN

04-45-21-25-179-0050

APU

44521251790050

Description

This mixed-use property at 1318 Main Street in Keokuk, Iowa, is offered at $7,000. The building is being sold "as-is." The previous owner removed the rear portion of the structure, leaving the back wall requiring completion. Once this wall is finished, the space is ready for tenant improvements. The property's previous use was as a bar/lounge, and the bar fixtures are included in the sale. The building's square footage is not specified. The lot size is zero acres, indicating the building likely sits on a smaller lot or is part of a larger development. This presents a unique opportunity for an investor or business owner seeking a renovation project with potential for a variety of uses. The existing bar infrastructure offers a head start for a similar establishment, or the space could be adapted for other commercial or residential purposes, subject to local zoning regulations. Given the "as-is" condition, a thorough inspection is strongly recommended before purchase. The property's location on Main Street in Keokuk offers potential visibility and accessibility. Serious inquiries are encouraged to explore this affordable redevelopment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $385,420

  6.5%

  $355,773

  7%

  $330,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $192,530

  Geo Method

  $192,530

• Alternative Use

  Use

  Valuation

  Residential

  $300,107

  Hospitality

  $274,897

  Educational

  $228,711

  Medical

  $236,577

  Retail

  $355,773

Location Insight

City

Keokuk

County

Lee

State

Iowa

Latitude

40.4023

Longitude

-91.3907

CBSA code

22800

CBSA name

FORT MADISON-KEOKUK, IA-IL-MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].