River City Mall

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

Description

Welcome to River City Mall in Keokuk, IA, a compelling investment opportunity with a storied past and a wealth of potential.

Positioned on Highway 218, this property is just steps away from the majestic Mississippi River and serves as the only bridge across the river for over 25 miles. Once a bustling mall and the epicenter of retail in the region, this 208,492 SF building with 41 units is ready for a new chapter. High visibility and traffic counts with average of 10,700 Vehicles per Day.

While in need of significant renovation to restore its former glory, it boasts a closed 3-cinema theater—the only one within a 35-minute radius of Keokuk. With leaks in several places, the roof requires attention, but the 9-acre parcel offers a compelling redevelopment opportunity. The property is home to several good tenants that contribute to cash flow and will play a pivotal role in jump starting the revitalization process.

Additionally, the former restaurant lot across the street, a 0.4-acre parcel, is available for purchase, further expanding the potential for this prime location.

Don't miss the chance to be part of the renaissance of this iconic property and shape its future success.

Situated just steps away from the majestic Mississippi River, the River City Mall in Keokuk, Iowa, offers a prime retail investment opportunity. As the first stop upon entering Iowa from Illinois and boasting the only bridge across the Mississippi for 25 miles in either direction, the location enjoys 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, making it a focal point for shopping, dining, and entertainment. The surrounding community thrives with a rich cultural heritage, including the historic Grand Theater and a variety of dining experiences along Main Street. Additionally, the George M. Verity River Museum and Keokuk National Cemetery provide engaging attractions for all. This dynamic and vibrant location presents a compelling opportunity for retail investors seeking to become part of this unique and bustling market.