624 Palean Street Keokuk, IA ^$ 179,000

624 Palean Street

^$ 179,000

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624 Palean Street

Keokuk, IA, 52632

^$ 179,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 1,117

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Commercial Property for sale in Keokuk, IA

for $179,000. This building was built in 1840 on a lot size of 0.14.

INCOME OPPORTUNITY!! Here is your chance to own an income property that you could even live in too. There are 4 unites with 2 beds, 1 bath. 1 Unit is 1 bed, 1 bath. All units have baseboard heat and window air. All Units are newly remodeled. There are some new windows, new vinyl siding, new roof and new electrical service & meters to each unit. 1 Bed unit pays $500/month. 2 - 2 Bed units pay $725/month. 2 - 2 bed units pay $650/month. Tenants pay Electricity. Landlord pays trash & water.

Commercial Active

Price

^$ 179,000

Property Type

Commercial

Taxes

^$ 3,268

Style

Lot Size

0.14

Year Built

1840

Town/City

Keokuk

County/Region

Lee

MLS | Web ID

6319579

Features

General

Sewer City Sewer/Connected

Heating Baseboard

Utilities Electric Separate Heating Separate Hot Water Separate

Garage Spaces 0

Construction Materials Brick

Year Built 1840

Tenant Pays Electricity

Property Subtype Apartment

Tax Year 2024

Current Use Residential

Gross Income 39000

Accessibility None

County Lee

Net Operating Income 27808

Property Type Commercial Sale

Contingency Subject to Financing

Possible Use Income

Status Active - Contingent

Directions From Main St turn onto S 7th go to Palean St and turn left. Building is on the right.

Association Name SEIA

Open Parking Spaces 5

Number Of Units Total 5

Lot Size Units Acres

Lot Size Square Feet 6098.4

Tax Annual Amount 3268

Electric Expense 0

Fuel Expense 0

Trash Expense 1380

Water Sewer Expense 5160

Living Area Units Square Feet

Standard Status Active

Legal Description 624 PALEAN #991 #992 KKK R50'E30' & FR5' R55'E42'& FR85' OF 5 E2'FR85'OF 6 BLK 87

Exterior

Parking Features Outside

Water Source Public

Lot Dimensions Irregular

Lot Size Acres 0.14

* Excluded Features

List By

Lisa Johnson

Listing Agent

Keokuk - Weichert Realtors - The Massimo Group

Broker

lisajohnson.realtor1@gmail.com

Affordability Calculator

$1,389

Per Month

Monthly Principal & Interest: $1,117
Monthly Property Taxes: $272
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Commerical listings in Keokuk, IA

Average List Price ^$395,413

Percent of Sale Price 121%

About Keokuk, IA

10,054 Population

-12% Since 2002

^$35,184 Median Income

40.64 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2872932 Elementary School

2872966 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/28/2025	$179,000		Listed Price

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624 Palean Street, Keokuk, IA, 52632 is a Commercial Property for sale at $179,000 with a lot size of 0.14. 624 Palean Street was built in 1840. The property's zip code is 52632 which is in Keokuk, IA

Each Weichert® Franchised Office Is Independently Owned and Operated

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the Iowa Association of REALTORS service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Data is updated as of 12/11/2025.

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624 Palean Street

Commercial Property for sale in Keokuk, IA

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