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Rent-A-Center 1220 Main St

23,394 SF 100% Leased Retail Building Keokuk, IA 52632 $1,208,700 CAD ($52 CAD/SF) 10.37% Cap Rate

Retail Buildings Iowa Keokuk 1220 Main St, Keokuk, IA 52632

Investment Highlights

  • High visibility, across from Walgreens, near Highway 136.
  • Recent 2015 renovations; building in excellent condition.
  • 144 parking spaces; 13'8" ceilings and three bay doors.
  • Prime location on Main Street, 12,100 vehicles daily.

Executive Summary

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 ow by leasing the remaining 7,000 square feet at an attractive $8 per square foot.

Attachments

1220 Main St Offering Memorandum

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,394 SF
Building Class
C
Year Built
1976
Price
$1,208,700 CAD
Price Per SF
$52 CAD
Cap Rate
10.37%
NOI
$125,342 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
2.15 AC
Zoning
C - Commercial
Parking
144 Spaces (6.16 Spaces per 1,000 SF Leased)
Frontage
642 ft on Johnson Street
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Nearby Major Retailers

Rent-A-Center
The YMCA
Scooter's Coffeehouse
Anytime Fitness
Hy-Vee

PROPERTY TAXES

Parcel Number 04-45-21-25-183-0090 Improvements Assessment $254,539 CAD
Land Assessment $412,811 CAD Total Assessment $667,350 CAD

PROPERTY TAXES

Parcel Number
04-45-21-25-183-0090
Land Assessment
$412,811 CAD
Improvements Assessment
$254,539 CAD
Total Assessment
$667,350 CAD
(319) 231-1160

Contact

  • Listing ID: 33975133

  • Date on Market: 2024-11-22

  • Last Updated:

  • Address: 1220 Main St, Keokuk, IA 52632

The Retail Property at 1220 Main St, Keokuk, IA 52632 is currently available for sale. Contact Better Commercial for more information.

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Rent-A-Center | 1220 Main St
(319) 231-1160 x

Rent-A-Center | 1220 Main St

Chase Keller, CCIM

(319) 231-1160

(319) 231-1160

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