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    201 W Commercial St Lebanon, MO 65536

    For Sale
    $989,900

    SINGLE_FAMILY - Lebanon, MO

    Type:Retail
    Lot size:
    0.25 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 11 at 3:06 pm

    Property Features for 201 W Commercial St

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 5, Bathroom 3, Bathroom 6, Bathroom 7, Bathroom 4, Bathroom 1, Bathroom 8, Bathroom 2, Bathroom 9
    APN
    13-1.0-11-002-024-021.000
    Lot size
    0.25 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1948
    Roof type
    Flat

    Greater Springfield Realty, LLC (Keller Williams) (417) 883-4900 [email protected]

    Listing agent 417 Property Pros (417) 501-6077

    Listing date Nov 17, 2025

    Copyright © 2025 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 Joe Knight Building

    The Joe Knight Building, a historic landmark in Lebanon, Missouri, offers a blend of architectural character and modern functionality. Located in the heart of downtown, this building features expansive interiors with natural light and high ceilings, suitable for retail, office, or mixed-use ventures. The building showcases the Streamline Moderne style, including original glass blocks from the art deco era, and is on the historical register. The main level includes a fully functional restaurant. The basement level once housed county offices and a barber shop. The second and third floors have served as professional offices for physicians, with the second floor also featuring complete living quarters suitable for nightly rental. The building is ready to be transitioned into a boutique hotel, office complex, or other envisioned uses. New roof and awnings are planned for installation in the summer of 2025. Situated on a bustling street, the property offers an opportunity to be part of a growing business community on a lot of 0.25 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ahmann Electric Inc Electrician Randolph Appraisal Co Real Estate Appraiser Mel's on Madison Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Pams Flowers LLC, Smitty's Floral Shoppe, Lilly's Floral, Always Flowers & Plants

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Laclede
    State
    Missouri
    Longitude
    -92.665122
    Latitude
    37.679782

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    FAQs

    What type of property is this?
    Storefront property - Landmark building in downtown Lebanon, ready for diverse ventures.
    Where is this storefront property located?
    The property is located at 201 W Commercial St Lebanon, MO.
    What is the asking price?
    The asking price for this property is $989,900.
    What are key features of this property?
    This property features: - Historic Landmark: The Joe Knight Building, a recognized landmark with historical significance.; - Versatile Spaces: Expansive interiors with high ceilings suitable for retail, office, mixed-use, or boutique hotel development.; - Prime Downtown Location: Situated in the heart of Lebanon's bustling downtown.
    (417) 501-6077
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    Lebanon, MO 65536
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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 W Commercial St Lebanon, MO 65536
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