Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    117 W Main Street Ash Grove, MO 65604

    View on Map
    Claim this Listing
    For Sale
    $179,900

    SINGLE_FAMILY - Ash Grove, MO

    Type:Retail
    Lot size:
    0.09 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    27
    Last Refresh:
    May 2 at 5:06 pm

    Property Features for 117 W Main Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    INC
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    0621308009
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Walkers Railroad Add Ralph Lot 6 Blk J
    Tax Annual Amount
    560

    Utilities

    Utilities
    Water Available
    Heating system
    Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air, Gas (Cooling)

    Building Details

    Year built
    1898
    Roof type
    Flat

    We can help!

    Listing Contact
    Laramy Hankins

    Listing agent Laramy Hankins

    Listing office Blain Homes Realty MO

    Listing date Apr 6, 2026

    MLS# 60322531

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Building on Main Street

    Located on historic Main Street in Ash Grove, Missouri, this building, originally constructed in 1898, features a glass front showcase. The interior includes a lobby/foyer with natural light and a half bath. Previously a bakery, the plumbing and layout from that use remain. Beyond the entry is an open-concept living room and kitchen with natural light from the ceiling. There are two smaller and one large master non-conventional bedrooms. The floors are a combination of tile, carpet, and hardwood, with decorative plaster walls and showcase ceiling elements, including skylights, fans, metal ceilings, and woodwork. The master bathroom features wood paneling and a multi-head walk-in tile shower. Towards the back of the building is a decorative patio area, a small garage, and apartment-style living accommodations, suitable for operating receiving and shipping logistics on the back side of a storefront. Functional storage closets are located throughout the building. New home subdivisions are under construction in Ash Grove. The property sits on a 0.09-acre lot. This historic building offers opportunities for a business in a growing community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ash Grove
    County
    Greene
    State
    Missouri
    Longitude
    -93.585434
    Latitude
    37.31541

    Nearby Similar for Sale

    • $495,000

      Turnkey Restaurant and Redevelopment Opportunity

      Two Main Street buildings with restaurant and redevelopment potential.
      111-115 W Main Street, Ash Grove, MO 65604
      View Details
    • $495,000
      8,335 SF

      Two Main Street Buildings

      Two buildings in Ash Grove with redevelopment potential.
      111-115 W Main St, Ash Gro, Ash Grove, MO 65604
      View Details

    FAQs

    What type of property is this?
    Storefront property - Historic building with storefront and living accommodations in growing Ash Grove.
    Where is this storefront property located?
    The property is located at 117 W Main Street Ash Grove, MO.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: Historic building built in 1898 with original features and glass front showcase.; Located on Main Street in rapidly growing Ash Grove, Missouri.; Includes apartment‑style living accommodations suitable for business logistics.
    (417) 522-9406
    We can help!
    Listing Contact
    Laramy Hankins
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    117 W Main Street, Ash Grove, MO 65604

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!