River City Mall

For Sale

300 Main St, Keokuk, IA 52632

This Keokuk property for sale is located at 300 Main St. The current listed sale price for River City Mall is $600,000. River City Mall is situated on a lot that is 9.09 acre in size.

Contacts

broker

Chase Keller, CCIM

Better Commercial

Property Details

  • Property Type Retail - Street Retail
  • Property Size 208,492 SF
  • Units 41
  • Lot Size 9.09 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1969
  • Date Updated Oct 9, 2024
Situated just steps away from the majestic Mississippi River, the River City Mall in Keokuk, Iowa, offers a prime retail investment opportunity. Lee County is served by Road, Rail, and River, providing a strategic advantage for businesses. The county benefits from two four-lane highways: US 218 (the Avenue of the Saints) and US Highway 61, offering efficient access to the region. Additionally, Lee County is serviced by the main rail line of Burlington Northern Santa Fe (BNSF) Railway, the largest freight rail transportation network in North America, connecting businesses to the global supply chain. The Mississippi River further enhances transportation options, providing access to three inter-modal port terminals and serving as a vital transportation route for industries from Saint Paul, Minnesota to the Gulf of Mexico. Businesses in Lee County have a unique advantage due to the efficient road, rail, and river transportation options, enabling them to connect with regional and international markets seamlessly. Lee County offers a range of incentives to support business growth and development. The county is home to three Opportunity Zones available for investment, providing tax incentives for qualified investments. Additionally, the State of Iowa offers favorable tax conditions, including tax exemptions for machinery and equipment, as well as tax credits for qualifying businesses through programs like the High-Quality Jobs Program. For eligible businesses, Lee County offers tax abatement programs for new construction, potentially providing up to a 100% exemption from local property taxes for a period not to exceed twenty years. The Revolving Loan Fund (RLF) and Lee County Port Authority further support eligible businesses with low-interest loans, tax-exempt bonds, and the establishment of Foreign Trade Zones, fostering economic growth and collaboration. The River City Mall is strategically located as the first stop upon entering Iowa from Illinois and boasts the only bridge across the Mississippi for 25 miles in either direction, ensuring high visibility and traffic. With an average of 10,700 vehicles passing through daily, the area is a bustling crossroads for locals and visitors alike. The mall itself is the largest in the area, serving as a focal point for shopping, dining, and entertainment, making it an attractive destination for retail investors. The surrounding community thrives with a rich cultural heritage, offering attractions such as the historic Grand Theater, the George M. Verity River Museum, and the Keokuk National Cemetery. The dining experiences along Main Street further contribute to the area's vibrant and diverse offerings. The location's unique blend of transportation access, business incentives, and cultural richness presents a compelling opportunity for retail investors seeking to become part of this unique and bustling market. Lee County, with its 33,215 residents, provides access to over 266,475 in the potential regional labor force, offering a skilled and diverse workforce. Located in the heart of America in the southeastern portion of Iowa, Lee County embodies Midwestern charm and is home to a multitude of Fortune 500 and international companies, positioning it as a prime location for retail and street retail investment.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • - 208,492 SF building with 41 units
  • - Built in 1969, offering a solid foundation for business
  • - High Traffic with average of 10,700 Vehicles per Day
  • - Zoned C- Commercial for versatile retail opportunities
  • - Located in the vibrant Iowa area
  • - 15% occupancy, providing potential for growth
  • - Flexible space for diverse retail ventures
  • - Proximity to major highways for high visibility
  • - Great potential for revitalization and redevelopment
  • - Formerly a bustling retail hub
  • - Home to several good tenants generating cash flow

Getting around

  • 71/100

    Walk Score ®

  • 68/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Keokuk, IA
  • Neighborhood Keokuk
  • Zip Code 52632

Points of Interest

  • Phillips 66

    2.10 miles

  • Murphy USA

    2.34 miles

  • Riverboat Museum

    0.26 miles

  • Los Topotios

    0.31 miles

  • Rascal's Pub & Grub

    0.40 miles

  • Angelini's Pizza

    0.51 miles

  • Domino's

    0.55 miles

  • Subway

    0.55 miles

  • Dr. Getwell's

    0.57 miles

  • Chintz's Bar & Grill

    0.73 miles

  • McDonald's

    0.80 miles

  • Peking Buffet

    0.87 miles

  • Wendy's

    0.96 miles

  • Farm & Home Supply

    1.23 miles

  • Hy-Vee

    1.91 miles

  • ALDI

    2.17 miles

  • Walmart Supercenter

    2.22 miles

  • Sears Hometown

    2.50 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Chase Keller, CCIM

Better Commercial