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    201 Roosevelt St Salem, MO 65560

    For Sale
    $129,900

    High-traffic corner lot, two-unit commercial building.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This prime commercial property, located at 201 E Roosevelt Street in Salem, MO, sits on a 0.26-acre lot at the highly visible corner of Highway 19 S and Roosevelt Street. The building offers excellent street frontage and visibility, enhanced by a lighted, partially wrap-around front porch. Access is convenient with two front entrances and the potential for a handicap-accessible ramp. Ample parking is available in a gravel lot accessible from both Roosevelt Street and Highway 19 S. The interior comprises two distinct areas, ideal for separate businesses or a single larger operation. One area, suitable for office use, measures approximately 304 square feet and boasts recent renovations including tongue-and-groove walls and ceilings, updated flooring, and upgraded wiring. The second area, approximately 805 square feet, offers an open layout with endless possibilities for retail or other commercial uses. The property's current price is $129,900. Note that an aerial view is available (approximate dimensions), and a survey will be conducted to separate a small house located on the northeast corner of the lot upon acceptance of an offer. This presents a unique investment opportunity in a high-traffic location.

    Property Features for 201 Roosevelt St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1945
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Dent
    State
    Missouri
    Longitude
    -91.53536
    Latitude
    37.63179

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic corner lot, two-unit commercial building.
    Where is this commercial real estate located?
    The property is located at 201 Roosevelt St Salem, MO.
    What is the asking price?
    The asking price for this property is $129,900.
    729-6121
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    Salem, MO 65560
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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 Roosevelt St Salem, MO 65560
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