Historic Siloam Springs Commercial
506 E Main Street Siloam Springs, AR 72761
506 E Main Street, Siloam Springs, AR, 72761
$850,000
Pending
For Sale
$850,000
Pending
SINGLE_FAMILY - Siloam Springs, AR
Property Size6,533 SF
Lot Size0.25 Acres
Days on Market145
Property Features for 506 E Main Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- Open, Parking Lot
- Appliances
- GasWaterHeater, WaterHeater
- Standard status
- Pending
- APN
- 03-00945-000
- Size
- 6,533 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Description
- LOTS 1 AND 12, P/2 Block 1 Beauchamps Addition
- Tax Annual Amount
- 1996
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Flooring type
- Concrete
- Building materials
- Block, Concrete
Listing Agency
Keller Williams Market Pro Realty - Siloam Springs
(479) 718-2800
112 W Tulsa St, Fayetteville, AR
Listed by
Cammi Hevener · License #EB00075080
(479) 427-0240
Added: Feb 26 Updated: May 21 at 1:43 am Checked: Jul 21 at 2:06 am
MLS# 1336712
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This historic commercial building, located in the heart of Siloam Springs, offers a blend of timeless character and modern updates. The building is in excellent condition and features 12-foot ceilings and abundant windows that provide natural light. Major infrastructure upgrades, including a TPO roof and new water, electric, and sewer connections to the city, were completed in 2017. Current tenants have recently signed an extension through 8/31/2034. The property benefits from strong foot traffic and energy, with a thriving coffee shop located next door and a vibrant mix of downtown businesses nearby. The lot size is 0.25 acres and the property size is 6,533 square feet.
Key Highlights
- Long‑term tenant lease in place through 8/31/2034 provides immediate and stable income.
- Major infrastructure upgrades completed in 2017, including new TPO roof, water, electric, and sewer connections.
- Prime downtown location with high foot traffic, next to a thriving coffee shop and other businesses.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.7k | $17.40 |
| − Vacancy | −$7.5k | −$1.15 |
| EGI | $106.2k | $16.25 |
| − OpEx | −$31.9k | −$4.88 |
| NOI | $74.3k | $11.38 |
6,533 SF · lease $17.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.06M
$929.0K – $1.24M
NOI $74,320 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.09M
NOI $125,672 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Brooke's Flowers & Gifts — 321 W Tulsa St A, Siloam Springs, AR 72761
FAQs
What type of property is this?
Storefront property - Unique commercial building with long-term tenants and modern updates.
Where is this storefront property located?
The property is located at 506 E Main Street Siloam Springs, AR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Long‑term tenant lease in place through 8/31/2034 provides immediate and stable income.; Major infrastructure upgrades completed in 2017, including new TPO roof, water, electric, and sewer connections.; Prime downtown location with high foot traffic, next to a thriving coffee shop and other businesses.
