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    201 N 3Rd St Hannibal, MO 63401

    For Sale
    $699,000

    Unimproved Land - Hannibal, MO

    Type:Unimproved Land
    Property size:
    13,824 SF
    Lot size:
    0.43 Acres
    Days on Market:
    187
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 201 N 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    010.08.28.2.16.012.000
    Parking features
    Driveway, Open, Parking Lot
    Interior features
    Elevator
    Accessibility
    Accessible Elevator Installed
    Size
    13,824 SF
    Lot size
    0.43 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1885
    Building materials
    Brick
    Architectural style
    Other

    Ravenscraft Realty (573) 221-0555 [email protected]

    Listing agent Roselee Ghattas (573) 221-0555 License #2023034793

    Listing date Jun 2, 2025

    MLS# 25001322 Listing URL

    Copyright © 2025 MARIS. 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 Hannibal Office Building For Sale

    Located in Hannibal's historic district, the three-story office building at 201 N Third and the accompanying building at 308 Center offer a combined 16,124 square feet of space. The buildings, listed on the historic registry, feature a brick facade and architectural details. The property includes 12 offices, all currently under lease with a cap rate of 6.5. The location provides access to dining and shopping in Hannibal's downtown district. The HVAC, electrical systems, and roof have been updated, and a regular service agreement is in place for the elevator system. The building also includes storage, private restrooms on each floor, and common areas. The lot size is 0.427 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hannibal
    County
    Marion
    State
    Missouri
    Longitude
    -91.357639
    Latitude
    39.710102

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    FAQs

    What type of property is this?
    Office building - Three-story office building in Hannibal's historic district with current leases.
    Where is this office building located?
    The property is located at 201 N 3Rd St Hannibal, MO.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Prime downtown Hannibal location with high visibility and easy access.; - Two buildings included: a three-story office building at 201 N Third and an additional building at 308 Center (2300 sq ft).; - Currently leased with a 6.5 cap rate, providing immediate income.
    (573) 221-0555
    Request Owner's contact information
    201 N 3Rd St Hannibal, MO 63401
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    Hannibal, MO 63401
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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
    201 N 3Rd St Hannibal, MO 63401
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