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    304 Locust St Hillsboro, MO 63050

    For Sale
    $399,900

    Fully Leased, Multi-Tenant Building, Great ROI

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial investment property, located at 304 Locust Street in Hillsboro, Missouri, presents a compelling opportunity for savvy investors. The property sits on a 0.25-acre lot and encompasses approximately 7440 square feet, currently fully leased to three distinct tenants. The building boasts a diverse tenant mix, including a probation agency, a church, and a gym, ensuring a stable and diversified income stream. The probation agency occupies the top level, featuring multiple private offices, a waiting area, a conference/training room, three half-bathrooms, a break room, and storage space. The church is located on the middle lower level and includes a large meeting room, waiting area, several offices, a break room, and two half-bathrooms. The gym, situated in the corner lower level unit, offers two large open areas and one half-bathroom. Recent significant upgrades enhance the property's value and appeal, including new windows, a new HVAC unit, a roof less than five years old, and fresh exterior paint. The building enjoys a convenient Hillsboro location with ample street parking and proximity to local restaurants. All tenants are under current leases, providing immediate cash flow. Note that the square footage is approximate

    Property Features for 304 Locust St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,890 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fight Club Wrestling ... Collectibles Store Christ's Church of Hillsboro Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Jefferson
    State
    Missouri
    Longitude
    -90.5634
    Latitude
    38.23261

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    FAQs

    What type of property is this?
    Commercial real estate - Fully Leased, Multi-Tenant Building, Great ROI
    Where is this commercial real estate located?
    The property is located at 304 Locust St Hillsboro, MO.
    What is the asking price?
    The asking price for this property is $399,900.
    353-1729
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    304 Locust St Hillsboro, MO 63050
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    Hillsboro, MO 63050
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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
    304 Locust St Hillsboro, MO 63050
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