1220 Main Street

Located at 1220 Main Street in Keokuk, Iowa, this retail strip center boasts a prime position along the city’s busiest corridor, Main Street, which doubles as both Highway 218 and Highway 61. With approximately 12,100 vehicles passing daily, this location offers exceptional visibility and convenience for retailers, service providers, and local businesses alike. Positioned directly across the street from Walgreens, the property benefits from proximity to high-traffic neighbors that consistently attract a diverse customer base, providing an advantageous setting for foot traffic and brand exposure. Keokuk, known as the “Gateway City to the West,” sits in the southeast corner of Iowa, bordered by Illinois and Missouri across the Mississippi River. This strategic tri-state location makes it a central hub for residents and travelers from Iowa, Illinois, and Missouri alike. As the most populous city in Lee County, Keokuk is a historical and economic center with a close-knit community feel, a rich history, and a growing number of amenities that draw both locals and visitors year-round. Main Street’s connection to highways 218, 61, and nearby Highway 136 ensures easy accessibility for both local and regional customers. The city’s infrastructure, supportive business climate, and vibrant small-town character make this retail strip center an attractive destination for businesses looking to establish or expand their presence in the region. The high traffic volume and prominent location provide an ideal setup for businesses seeking high visibility in Keokuk’s retail landscape.**Prime Investment Opportunity on Main Street in Keokuk, IA** This well-maintained retail strip center at 1220 Main Street in Keokuk, Iowa, offers a solid investment with substantial growth potential. Boasting 26,200 square feet across three units, the property includes two stable, long-term tenants, Goodwill Industries and Rent-A-Center, generating a total NOI of $88,152. With one unit currently vacant, there’s an opportunity to further increase cash flow by leasing the remaining 7,000 square feet at an attractive $8 per square foot. Projected stabilization with market-adjusted rents could increase the NOI to an estimated $137,000, providing a strong upside for investors. Key property highlights: - **Three units** totaling 26,200 square feet, with established tenants and a vacant unit ready for immediate lease. - **Recent renovations** in 2015, a solid roof, updated mechanicals, and a recently resurfaced parking lot with ample parking (144 spaces). - **Functional design** with 13'8" ceiling heights, three bay doors, and flexible layout options, making it adaptable to various retail or service-based tenants. This location benefits from excellent visibility on Main Street, which serves as Keokuk’s main commercial thoroughfare and also functions as Highways 218 and 61. With an average of 12,100 vehicles passing daily, the property enjoys strong exposure and accessibility from both local and interstate traffic. Positioned across from Walgreens and blocks from Highway 136, this location draws customers from Iowa, Illinois, and Missouri, enhancing its appeal as a regional shopping destination. As an investment property, this retail strip center presents a unique combination of stability, growth potential, and strategic location in Keokuk, the primary economic hub of Lee County. Don't miss the opportunity to acquire a property with established tenants, visible improvements, and substantial upside through lease adjustments and filling the vacant unit.