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    118 E Main St Richmond, MO 64085

    For Sale
    $465,000

    Commercial Building - Richmond, MO

    Lot size:
    0.13 Acres
    Days on Market:
    236
    Last Refresh:
    Dec 14 at 8:06 am

    Property Features for 118 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Lot size
    0.13 Acres

    Building Details

    Floors in Building
    2
    Architectural style
    Other

    United Country Graham Agency, LLC (660) 646-7653

    Listing agent Mac Lee (660) 646-7653

    Listing date Apr 23, 2025

    MLS# 11481817 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Richmond MO Commercial Building

    This commercial property in Richmond, MO, features four separate office spaces suitable for commercial rental. Currently, two of the four office spaces are occupied, generating a monthly income of $2,075 on a two-year lease. The other two office spaces, each approximately 650 sq ft, are available. Each office space includes a storefront window. An unfinished loft apartment is also present, along with a two-car garage offering off-street parking. The property is situated on a lot of 0.13 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    C D Holtzen ... Tax Preparation Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Ray
    State
    Missouri
    Longitude
    -93.975401
    Latitude
    39.278602

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    FAQs

    What type of property is this?
    Office space - Commercial building with four office spaces and unfinished loft apartment.
    Where is this office space located?
    The property is located at 118 E Main St Richmond, MO.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: - Income-generating property with $2,075 monthly income from existing tenants on a two-year lease.; - Four separate office spaces, two of which are currently available for lease.; - Unfinished loft apartment offering potential for additional income or use.
    (660) 646-7653
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    118 E Main St Richmond, MO 64085
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    Realmo Value Estimation

    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.

    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.

    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
    118 E Main St Richmond, MO 64085
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