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Renovation-Ready Commercial Building
For Sale
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1503 Market Street, Hannibal, MO 63401

Small commercial building with utilities on site, minutes from downtown, and ready for renovation and tenant improvements.

Property SizeContact for details
Days on Market110

Property Features for 1503 Market Street

General Information

Standard status Active
Property subtype Special Purpose

Additional Details

Utilities to Site Yes
Listing Agency: CENTURY 21 Broughton Team
Listed By: Jacob Buckman · License #MO 2024008776
Source: Crexi
Added: Apr 24 Changed: Aug 8 Last Checked: Jul 20 at 6:09PM

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 CENTURY 21 Broughton Team

Investment Insights

Based on property information with market context.

This small commercial building at 1503 Market Street in Hannibal, MO is being offered for sale and is positioned for a future tenant’s buildout. The property has utilities already on site and is described as having “solid bones,” with renovation needed to bring it to an operator’s specifications.

The seller also notes the building’s proximity to downtown, supported by the area’s steady local activity and nearby businesses. It has been marketed as a potential fit for a coffee shop or a food and beverage concept, including a food-truck-oriented use, with the current condition allowing flexibility during renovation.

Overall, it presents a straightforward opportunity for an owner-operator or investor looking for a small footprint commercial asset that can be shaped through renovation and tenant improvements.

Key Highlights

  • Small commercial building minutes from downtown
  • All utilities already on site for easier build‑out
  • Building is ready for renovation and tenant improvements

Property Analytics

Current Use

Coffee shops

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Auto Parts Store Dental Office HVAC Service

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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

305
Businesses Nearby
19k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 74% Groceries 26%
Family Dollar Shops & Services
5,869 visits/mo 0.3 miles
Shell Shops & Services
5,518 visits/mo 0.3 miles
Save-A-Lot Groceries
4,890 visits/mo 0.2 miles
Conoco Shops & Services
2,245 visits/mo 0.1 miles

Demographics for 63401, MO

21,901
Population
9,700
Households
2.3
Avg Household Size
40
Median Age
25%
College-Educated
90%
High-School Grad
110.9 sq mi
ZIP Area
197
Density / Sq Mi
$60,483
Median Household Income
$36,402
Median Earnings
$824
Median Rent
$144,400
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • County Of Hannibal City Government Office 308 Broadway, Hannibal, MO 63401
  • Java Jive 211 N Main St, Hannibal, MO 63401
  • Willie Craft Cafe 710 clifford st, hannibal, mo 63401

Frequently Asked Questions

What type of property is this?
Coffee shop - Small commercial building with utilities on site, minutes from downtown, and ready for renovation and tenant improvements.
Where is this coffee shop located?
The property is located at 1503 Market Street Hannibal, MO.
What are key features of this property?
This property features: Small commercial building minutes from downtown; All utilities already on site for easier build‑out; Building is ready for renovation and tenant improvements
(573) 795-7075 Call to check price and availability
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