812 Keeler St. Boone, IA

Description

KataLYST Commercial by KW is pleased to exclusively present 812 Keeler Street in Boone, Iowa — a fully renovated mixed-use investment opportunity offering exceptional flexibility for both investors and owner-users. Originally constructed in 1912 as Boone’s historic newspaper building, this property blends timeless character with modern functionality following a comprehensive 2026 renovation that included new electrical service, HVAC systems, plumbing, fire sprinkler system, and beautifully updated apartment interiors.

The property featured two street-level retail/office suite fronting one of
Boone’s primary commercial corridors along 8th Street, plus four
residential apartments (two on the second floor and two at the rear of
the building).

Currently offered vacant and available for lease-up, the property provided the opportunity for an investor to stabilize the asset or for an owner-occupant to establish their business while generating additional income from the remaining commercial and residential spaces. Offered without an asking price and subject to offers, the property is projected to generate more than $60,000 in annual net operating income upon full lease-up, creating an attractive value-add opportunity with minimal capital improvements remaining.

Details

Address: 812 Keeler St.
City & State: Boone, IA 50036
Current Price: Unpriced
Building SF: 4,940 SF
Year Built: 1912

Documents

4 Pager

Property Highlights

Historic 1912 former newspaper building thoughtfully renovated in 2026, preserving its character while modernizing all major building systems.
Two highly visible retail/office suites located along 8th Street in downtown Boone, offering excellent exposure for businesses.
Four renovated residential apartments providing diversified income and multiple revenue streams.
Comprehensive 2026 renovations include new electrical service, HVAC systems, plumbing, fire sprinkler system, and updated apartment finishes.
Offered vacant, allowing investors to lease the property at current market rents or owner-users to occupy a commercial suite while benefiting from rental income.
Projected stabilized Net Operating Income exceeding $60,000 annually upon full lease-up.
Offered without an asking price, providing buyers the opportunity to submit competitive offers.
Turnkey mixed-use asset requiring minimal additional capital investment before lease-up.

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Confientiality Agreement

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Greater Des Moines in compliance with all applicable fair housing and equal opportunity laws.

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