Downtown Mixed-Use Loft
107 S 6th Street, St Joseph, MO 64501
Historic building with event space and market-rate lofts.
Type:Commercial/Industrial
Property size:
23,320 SFLot size:
0.17 AcresPrice / SF:
$107/SF- Added:
- Mar 12, 2026
- Days on Market:
- 67
- Last Refresh:
- Apr 5 at 8:51 pm
Property Features for 107 S 6th Street
General Information
- Standard status
- Active
- Size
- 23,320 SF
- Lot size
- 0.17 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1892
Listing agent Laura WYETH License #2001033801
Listing office BHHS Stein & Summers (816) 232-2000
Listing date Mar 12, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of BHHS Stein & Summers
HighLights
- Fully restored historic building in the heart of Downtown revitalization, offering a unique mixed‑use property.
- Strong income potential with rents between $995-$1,750 per month, plus tenant‑paid electric.
- Includes a private lot providing one reserved parking space per loft, supplemented by a free City parking lot and on‑street parking.
- Lofts feature stainless steel appliances, engineered wood floors, and high ceilings.
- Convenient amenities include a private key pass passenger elevator, a freight elevator, alley access, coin‑operated laundry on each floor, and basement storage with individual 8x10 storage cages.
- Prime location surrounded by restaurants, retail shops, coffee, bars, the Missouri Theater, Coleman Hawkins Park, government buildings, and professional office space.
Overview
This historic building, located in the heart of downtown, has been completely restored into a mixed-use property. It features a main floor event space known as The Metropolitan, along with 12 market-rate lofts distributed across the 2nd, 3rd, and 4th floors, with 4 units per floor. The residential units include 3 one-bedroom, one-bath units; 6 two-bedroom, 1.5-bath units with a bonus room or office; and 3 two-bedroom, 1.5-bath units with 6th Street views. Each loft is equipped with stainless steel appliances, including a stove, refrigerator, dishwasher, and microwave, as well as engineered wood floors and high ceilings. Coin-operated washer and dryer units are available on each floor. The property includes a private lot adjacent to the building at 107 S. 6th, providing one reserved parking space per loft. A free City parking lot is located across the street, and on-street parking is also available. The building features a private key pass passenger elevator for tenants, as well as a freight elevator in the back, offering convenient alley access for moving. A full, dry basement is available for storage, and each loft has access to an 8x10 storage cage. Residents can enjoy outdoor space on the large sun deck off the 3rd floor. The property is surrounded by restaurants, retail shops, coffee shops, bars, and professional office space. It is located two blocks from the Missouri Theater and one block from Coleman Hawkins Park, near government buildings. There is also an on-site office for the building owner. The property size is 23,320 square feet. The intended use of the property is for investment or as a 1031 Exchange Replacement property.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$2.44M
NOI $220,021 @ 9.00% cap · cautious / downside scenario
Moderate
$3.14M
NOI $220,021 @ 7.00% cap · market / base-case scenario
Aggressive
$4.40M
NOI $220,021 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $327.4k | $14.04 |
| − Vacancy | −$13.1k | −$0.56 |
| EGI | $314.3k | $13.48 |
| − OpEx | −$94.3k | −$4.04 |
| NOI | $220.0k | $9.43 |
23,320 SF · lease $14.04/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$3.14M
$2.75M – $3.67M
NOI $220,021 @ 7.0% cap · market cap 8.80%
Second Best
Mixed Use
$2.25M
$1.97M – $2.62M
NOI $157,410 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$7.04M
$6.16M – $8.21M
NOI $492,518 @ 7.0% cap · market cap 19.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Marble Bar Bakery
Bakery
The Metropolitan
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- St Joseph
- County
- Buchanan
- State
- Missouri
- Longitude
- -94.8527
- Latitude
- 39.7663
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Historic building with event space and market-rate lofts.
Where is this mixed-use property located?
The property is located at 107 S 6th Street St Joseph, MO.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Fully restored historic building in the heart of Downtown revitalization, offering a unique mixed‑use property.; Strong income potential with rents between $995-$1,750 per month, plus tenant‑paid electric.; Includes a private lot providing one reserved parking space per loft, supplemented by a free City parking lot and on‑street parking.
