Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    319 N Main St Hannibal, MO 63401

    Sponsored
    For Sale
    $154,000

    Retail - Hannibal, MO

    Type:Retail
    Property size:
    2,556 SF
    Lot size:
    0.11 Acres
    Days on Market:
    16
    Last Refresh:
    Jan 22 at 1:06 am

    Property Features for 319 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    010.08.28.2.12.007.001
    Size
    2,556 SF
    Lot size
    0.11 Acres

    Utilities

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

    Building Details

    Building materials
    Stone
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Sue-ann Westhoff
    Sue-ann Westhoff

    Prestige Realty, Inc. (573) 221-8171 x11 [email protected]

    Listing agent Sue-ann Westhoff (573) 221-8171 License #2013029539

    Listing date Jan 7, 2026

    MLS# 25018823 Listing URL

    Copyright © 2026 MARIS. 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

    Downtown Hannibal Retail Opportunity

    This retail property, referred to as "The Barn," offers 2556 square feet of space that has been gutted and is ready for customization. A courtyard provides opportunities for expansion or outdoor activities. The property is conveniently located across from a public parking lot. An upstairs loft space offers a second exit and storage. A shared deck provides an outdoor relaxation area. Situated in a high-traffic downtown location, the property is located a half-block from Mark Twain's Boyhood Home and steps from the Main Street historic and tourist area of downtown Hannibal. The lot size is 0.107 acres. The property is located in Hannibal, Missouri, in Marion County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop

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

    Similar Places Nearby

    Gibney-Sims Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Hannibal
    County
    Marion
    State
    Missouri
    Longitude
    -91.357785
    Latitude
    39.711475

    Nearby Similar for Sale

    • $2,400,000
      9,021 SF

      Historic Landmark Estate and Venue

      Victorian estate with ties to Mark Twain on 36 acres.
      11069 New London Gravel Rd, Hannibal, MO 63401
      View Details
    • $1,750,000
      24,030 SF

      Versatile Building in Hannibal, MO

      24,030 SF building with flexible space and ample parking.
      3201 Palmyra Rd, Hannibal, MO 63401
      View Details
    • $1,850,000
      14,638 SF

      Remodeled Building in Downtown Hannibal

      Renovated building with Airbnb units and bar areas.
      408 N Main St, Hannibal, MO 63401
      View Details
    • $309,000
      8,170 SF

      Hannibal Commercial Building on St. Mary's

      Well-maintained commercial building with office/retail space and ample parking.
      2903 Saint Marys Ave, Hannibal, MO 63401
      View Details
    • $305,000
      6,216 SF

      Historic Downtown Hannibal Retail Building

      Retail building in historic downtown Hannibal, Missouri with recent renovations.
      221 N Main St, Hannibal, MO 63401
      View Details
    • $269,000
      11,592 SF

      Downtown Hannibal Commercial Building For Sale

      Three-story commercial building in downtown Hannibal with immediate income potential.
      302-304 Broadway, Hannibal, MO 63401
      View Details
    • $599,000
      4,336 SF

      Updated Commercial Building with Billboard

      High-visibility commercial building with income potential in Hannibal, Missouri.
      1329 Broadway, Hannibal, MO 63401
      View Details
    • $875,000
      40,000 SF

      Hannibal Manufacturing/Warehouse Opportunity

      Industrial building suitable for manufacturing or warehousing with expansion potential.
      2250 Warren Barrett Dr, Hannibal, MO 63401
      View Details
    • $354,000
      2,503 SF

      Turn-Key Bar & Grill Opportunity

      Profitable bar and grill with apartment and outdoor entertainment.
      712 Broadway, Hannibal, MO 63401
      View Details
    • $114,900
      890 SF

      Historic District Retail Opportunity

      Retail space in the heart of the Mark Twain Historic District.
      213 Hill St, Hannibal, MO 63401
      View Details
    • New
      $78,000
      2,116 SF

      Hannibal Duplex with Updated Units

      Downtown Hannibal duplex featuring updated units and separate utilities.
      120 N 7Th St, Hannibal, MO 63401
      View Details
    • $14,600,000
      461,250 SF

      461,250 SF Warehouse For Sale

      461,250 SF warehouse on 23.6 acres available for sale.
      500 Red Devil Rd, Hannibal, MO
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail space near Mark Twain's Boyhood Home in downtown Hannibal.
    Where is this storefront property located?
    The property is located at 319 N Main St Hannibal, MO.
    What is the asking price?
    The asking price for this property is $154,000.
    What are key features of this property?
    This property features: - Prime downtown location, steps from Hannibal's historic Main Street and tourist area.; - Close proximity (1/2 block) to Mark Twain's Boyhood Home.; - Large 2556 sq ft 'Barn' ready for customization.
    (573) 822-7884
    Request Owner's contact information
    319 N Main St Hannibal, MO 63401
    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.
    319 N Main St
    Hannibal, MO 63401
    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
    319 N Main St Hannibal, MO 63401
    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
    Sue-ann Westhoff
    Sue-ann Westhoff
    Real Estate License ID: 2013029539
    (573) 822-7884
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.