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629 Blondeau Street Keokuk, IA 52632 Commercial - Investment

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Description

Iconic Downtown Investment Opportunity ? Meyers Courtyard. Own a piece of local history with this beautifully maintained, income-producing commercial building known as Meyers Courtyard. This impressive three-story property offers exceptional versatility and revenue potential, all within a prominent downtown location. With 7 spaces leased to local businesses, the main level is fully leased with five businesses, along with two additional leased tenant spaces on the second level. The second floor also features a private owner's office and a spacious 2,800 sq ft, 4-bedroom apartment?perfect for owner occupancy or added rental income. The third floor is a showstopper: an expansive event center complete with a restaurant-style kitchen, dining area, bar, ballroom, and restrooms?ideal for weddings, receptions, or large gatherings. An elevator services all floors, adding convenience and accessibility throughout. This solid commercial property boasts 18-foot ceilings, forced air heat, and central air conditioning. Over the years there have been many updates, including new furnaces and A/C's, new flooring, fresh paint, and much of the plumbing and electrical have been updated, ensuring modern functionality with historic charm. Whether you're an investor, entrepreneur, or event operator, Meyers Courtyard presents a rare opportunity to own a vibrant, multi-use building with strong income and timeless character.

Property Highlights

Property Type: Commercial - Investment
Year Built: 1914

General Information

County: Lee
Listed By:
Weichert Realtors-The Massimo Group 319-524-9510
No Coast MLS
$800,000
Est. $5,132/mo
Active
SQUARE FEET29,634 MLS#6329905
STATUS PROPERTY TYPECommercial - Investment

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629 Blondeau Street, Keokuk, IA 52632.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $800,000$800,000$800,000
Down Payment $160,000$28,000$200,000
Monthly Mortgage Amount $3,786$4,584$4,863
Taxes $1113$1113$1113
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$352$0
Monthly Estimated Total $5,132$6,282$6,209

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About this area

Iowa/Keokuk
Keokuk

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Keokuk is located in southeast Iowa along the banks of the Mississippi River. Perched on bluffs overlooking the river, Keokuk offers a variety of real estate options. From the historic homes on Grand Avenue to the majestic river-view residences, there is a property for every taste.

Ruhl&Ruhl Realtors has plenty of homes for sale in Keokuk, IA for you to choose from. Keokuk is located southwest of Burlington. View homes for sale in the Burlington, Iowa area for more real estate options. Continue browsing this page to see all houses for sale and real estate options in Keokuk.

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