Edon Center 3533 Main St 22,200 SF 100% Leased Retail Building Keokuk, IA 52632 $799,000 ($35.99/SF) 6.77% Cap Rate

This exceptional 22,200 SF property at 3533 Main St, Keokuk, IA, 52632 is a compelling investment opportunity with a host of standout features. The recently resurfaced parking lot and the newer building in excellent condition showcase the property's commitment to quality and maintenance. With good mechanicals and fantastic visibility on the main corridor through town and the highway leading to Illinois and Missouri, this property is strategically positioned to attract high traffic counts, with 12,100 vehicles per day on Main Street. The property has a fantastic occupancy history, currently one vacancy, with 4 great tenants, including 2 credit tenants, underscores its desirability and strong appeal to businesses and customers alike.
Moreover, the potential to increase rents over time presents a promising opportunity to significantly boost revenue and enhance the property's financial performance. With almost 14 acres of land available, there is ample space to build additional buildings, whether for retail or industrial/storage purposes, offering the potential to further diversify revenue streams and expand the property's income-generating capacity. The abundance of parking adds to the property's allure, providing convenience for tenants and customers and contributing to the property's overall value proposition.
In summary, this property offers a rare combination of stability, growth potential, and versatility, making it an ideal investment for those seeking a secure and lucrative opportunity in the retail and strip center market. Its prime location, strong tenant base, and expansive acreage make it a standout choice for investors looking to capitalize on the thriving commercial landscape of SE Iowa and unlock the property's full potential for long-term success and value creation. This investment opportunity provides a solid foundation for investors to establish or expand their presence in the region and benefit from the property's strong performance, promising outlook, and capacity for sustained growth and profitability.