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    475 Western Dr Sikeston, MO 63801

    For Sale
    $565,000

    Versatile Commercial Building w/ Apartment & Billboard Income

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property in Sikeston, Missouri, presents a rare investment opportunity. Strategically located off Interstate 55, this well-maintained building offers 5,512 square feet of versatile space, ideal for multiple uses. The property includes a spacious warehouse (2,420 sq ft) equipped with heating, air conditioning, and a large garage door, perfect for storage or light manufacturing. The office area (2,200 sq ft) features a reception area, three private offices, two work areas, and a bathroom, providing ample space for administrative functions. Upstairs, a comfortable 892 sq ft apartment with two bedrooms, one bathroom, an open living room, and a fully equipped kitchen offers additional income potential or could be used as extra office space. This versatile space is perfect for a variety of businesses. The 1.28-acre lot is fully fenced with two entrances, ensuring security and convenient access. A significant advantage is the existing billboard on the property, generating consistent annual lease income for the owner. This property offers a unique blend of commercial and residential space, making it an attractive investment with immediate return potential. The combination of prime location, substantial square footage, and existing income stream makes this a truly exceptional opportunity.

    Property Features for 475 Western Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    55,757 SF

    Building Details

    Year Built
    2000
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Food Market Grocery Store Storage Facility Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sikeston
    County
    Scott
    State
    Missouri
    Longitude
    -89.53278
    Latitude
    36.90891

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Commercial Building w/ Apartment & Billboard Income
    Where is this commercial real estate located?
    The property is located at 475 Western Dr Sikeston, MO.
    What is the asking price?
    The asking price for this property is $565,000.
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    475 Western Dr Sikeston, MO 63801
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    Sikeston, MO 63801
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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
    475 Western Dr Sikeston, MO 63801
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