Building Details

Year Built 1920

Year Renovated 2023

Tenancy Single

Owner Occupied No

Listing Agency: Platinum Realty LLC j***@johnmaxwellrealtor.com Show Phone

Listed By: John Maxwell Show Phone

Source: Coloniallistings

Added: Aug 17 Changed: Aug 18 Last Checked: Aug 19 at 1:53PM

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Investment Insights

Based on property information with market context.

The office property at 108 Grand Avenue has been occupied by the U.S. Postal Service and includes improvements completed during a 2023 renovation. The work included a new roof, replacement of original wall surfaces with drywall, and closed-cell spray foam insulation applied throughout the upper envelope. The roof carries a 7-year warranty, while the insulation was installed to improve the building envelope and reduce heating and cooling loads.

The lease extends through April 30, 2029, with an option running through April 30, 2034. The property has been owned since 2022, and the ownership reports no outstanding maintenance items. Located in Forest City, Missouri, the building offers an office classification with an existing federal agency occupant.

Key Highlights

• U.S. Postal Service occupancy at 108 Grand Avenue
• Lease runs through April 30, 2029, with an option through April 30, 2034
• New roof installed in 2023 with a 7‑year warranty

Property Analytics

Current Use

United States Postal ... Post Office

Suggested Use

Top Pick Storage Facility Hair Salon Law Firm Restaurant Discount Store Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

25

Businesses Nearby

Explore this area Business Placement

Demographics for 64451, MO

373

Population

217

Households

1.7

Avg Household Size

52

Median Age

18%

College-Educated

96%

High-School Grad

56.2 sq mi

ZIP Area

7

Density / Sq Mi

$45,703

Median Household Income

$43,438

Median Earnings

$542

Median Rent

$87,500

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Federal occupancy, a renewed roof, and updated interior finishes support a low-maintenance commercial investment profile.

Where is this office building located?

The property is located at 108 Grand Avenue Forest City, MO.

What is the asking price?

The asking price for this property is $49,000.

What are key features of this property?

This property features: U.S. Postal Service occupancy at 108 Grand Avenue; Lease runs through April 30, 2029, with an option through April 30, 2034; New roof installed in 2023 with a 7‑year warranty