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

    202 Main St St Joseph, MO 64501

    Sponsored
    For Lease
    $1.00 SF/Yr ($5,808 /Mo)

    COMMERCIAL - St Joseph, MO

    Property size:
    22,581 SF
    Lot size:
    1.60 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 4 at 7:06 pm

    Property Features for 202 Main St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    P1
    APN
    06-3.0-08-003-001-069.000
    Parking features
    On Street, Parking Lot
    Interior features
    Elevator, Storage
    Exterior features
    Delivery Door(s)
    Accessibility
    Accessible Elevator Installed
    Size
    22,581 SF
    Lot size
    1.60 Acres

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1900
    Floors in Building
    4
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Sarah Weaver
    Sarah Weaver

    Berkshire Hathaway HomeServices Stein & Summers Real Estate (816) 232-2000

    Listing agent Lonnie BASS (816) 232-2000

    Listing date Feb 27, 2026

    MLS# 2447164

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Sommer-Richardson Factory Building

    The historic Sommer-Richardson Factory Building is available for lease, offering multiple spaces with flexible configuration options. This multi-story industrial complex consists of interconnected buildings totaling significant square footage. The property features five dock doors and a variety of industrial and mixed-use opportunities. The historic "Ice House Theater" space, roughly 2,000 square feet, is well-suited for an office, studio, or creative workspace. A separate space within the complex provides 1,000 to 1,500 square feet that could be utilized as a dedicated office suite or loft-style apartment, offering unique live-work potential or an executive office opportunity. Building 6 offers approximately 22,581 square feet with 30' clear height and includes a rail door (currently inactive) that could be reactivated for future operations. Building 5 is constructed of 21" brick block, includes a concrete basement, and features all-concrete floors throughout. Each room is insulated with 4-6" interior panels for improved efficiency and comfort. Buildings 1-4 include concrete floors on the first and second levels, with factory maple flooring on the third. The second floor of Building 4 has been removed to provide increased clear heights, accommodating larger industrial or warehouse uses. The property is located in St Joseph, MO, on a 1.6-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sommer-Richardson Factory Building Warehouse & Storage

    Suggested Use

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

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

    Similar Places Nearby

    Foxly Bros. Catering, Zubs Katering

    Location Insight

    • Map
    • Local Demand
    City
    St Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.859642
    Latitude
    39.767767

    Nearby Similar for Lease

    • $1,000 /Mo
      10,019 SF

      Commercial Space on South Belt

      Retail or office space with high visibility on South Belt.
      701C S Belt Hwy, St Joseph, MO 64507
      View Details
    • New
      $130 SF/Yr
      7,405 SF

      Downtown St. Joseph Office Space

      Affordable private offices with shared conference rooms in downtown St. Joseph.
      224 N 7Th St, St Joseph, MO 64501
      View Details
    • $2,860 /Mo
      12,197 SF

      Retail and Warehouse Space Available

      Corner retail and warehouse space for lease in St. Joseph.
      716 S 8Th St, St Joseph, MO 64501
      View Details
    • $1,500 /Mo
      15,246 SF

      Downtown St. Joseph Commercial Building

      16,500 sq ft building perfect for office, event, or loft.
      305 S 8Th St, St Joseph, MO 64501
      View Details
    • New
      $13 SF/Yr
      79,715 SF

      Retail Space on South Belt

      Retail suite in strip center with ample parking.
      2911 B Belt Hwy, St Joseph, MO 64503
      View Details
    • $3,500 /Mo
      24,394 SF

      St Joseph Commercial Metal Building

      Metal building with fenced yard, suitable for storage or workshop.
      701 S 8Th St, St Joseph, MO 64501
      View Details
    • $22 SF/Yr
      52,272 SF

      Retail Building To Be Built

      Retail building to be built in 2025, St Joseph, MO
      4604 Rochester Rd, St Joseph, MO 64506
      View Details
    • $1,000 /Mo
      10,019 SF

      Prime Commercial Space on Highway

      Commercial space suitable for retail, office, or service-oriented businesses.
      701A S Belt Hwy, St Joseph, MO 64507
      View Details
    • $19 SF/Yr
      27,443 SF

      St. Joseph Office Space Available

      Centrally located office space with ample parking and convenient access.
      1011 E Saint Maartens Dr, St Joseph, MO 64506
      View Details
    • $4,600 /Mo
      Pending

      Frederick Avenue Retail Space Available

      9685 SF retail space on Frederick Ave, available 2025.
      3601 Frederick Ave, St Joseph, MO 64506
      View Details
    • $12 SF/Yr
      79,715 SF

      Office Space on South Belt

      1596 SF office space in St Joseph, Missouri.
      2911 S Belt Hwy, St Joseph, MO 64503
      View Details
    • $2,455 /Mo
      63,598 SF

      Class A Office Space Available

      Second floor office space in the UMB Bank building.
      1211 N Belt - 202 Hwy, St Joseph, MO 64506
      View Details

    FAQs

    What type of property is this?
    Flex space - Multi-story industrial complex with flexible configuration options for lease.
    Where is this flex space located?
    The property is located at 202 Main St St Joseph, MO.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Flexible configuration options within a multi-story industrial complex.; - Significant square footage available across interconnected buildings.; - Building 6 offers approximately 22,581 SF with **30' clear height**.
    (816) 394-0256
    Request Owner's contact information
    202 Main St St Joseph, MO 64501
    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.
    202 Main St
    St Joseph, MO 64501
    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
    202 Main St St Joseph, MO 64501
    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

    We can help!
    Listing Contact
    Sarah Weaver
    Sarah Weaver
    Real Estate License ID: 2023021286
    (816) 394-0256 (816) 232-2000 (541) 337-3652
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!