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    201 3Rd St Hannibal, MO 63401

    Sponsored
    For Sale
    $750,000

    Prime Downtown Location, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents two interconnected commercial buildings situated in Hannibal, Missouri's historic district at 201 N Third Street and 308 Center Street. The main building, a three-story structure, and its adjacent companion building offer a combined total of significant square footage (including 2300 square feet in the secondary building). Both buildings are listed on the historic registry, showcasing a beautiful brick facade and classic architectural details. Currently, all twelve offices are under lease, providing immediate and consistent income. The property boasts a versatile layout ideal for a variety of professional services, benefiting from the high visibility and foot traffic of Hannibal's bustling downtown area, with its convenient access to dining and shopping options. Recent upgrades include a new HVAC system, updated electrical systems, and a new roof. The elevator system is maintained under a regular service agreement. Additional features include ample storage space, private restrooms on each floor, and well-maintained common areas. The 0.43-acre lot provides ample space for the buildings and potential future expansion. This is a unique chance to acquire a piece of Hannibal's rich history and a thriving commercial property with strong rental income. The property is offered at $750,000.

    Property Features for 201 3Rd St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    18,731 SF

    Building Details

    Year Built
    1885
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -91.35781
    Latitude
    39.71009

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Downtown Location, High Visibility
    Where is this commercial real estate located?
    The property is located at 201 3Rd St Hannibal, MO.
    What is the asking price?
    The asking price for this property is $750,000.
    221-0555
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    201 3Rd St 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 3Rd St Hannibal, MO 63401
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