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Historic Joe Knight Building, Lebanon
For Sale
$989,900

201 W Commercial St, Lebanon, MO 65536

Landmark building in downtown Lebanon with versatile spaces and rich history.

Property SizeContact for details
Lot Size0.25 Acres
Days on Market654

Property Features for 201 W Commercial St

General Information

Standard status Active
Lot size 0.25 Acres

Taxes and HOA fees

Annual Taxes $4,409
Listing Agency: Keller Williams
Listed By: 417 Property Pros · License #2010038764
Source: Exprealty
Added: Nov 5, 2024 Changed: Aug 20 Last Checked: Aug 20 at 10:59AM

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 Keller Williams

Investment Insights

Based on property information with market context.

The Joe Knight Building, a historic landmark in downtown Lebanon, offers a blend of architectural character and modern functionality. The building features expansive interiors filled with natural light and high ceilings, making it suitable for retail, office, or mixed-use ventures. The building is on the historical register and features the Streamline Moderne style with original glass blocks. The main level features a fully functional restaurant. The basement level once housed county offices and the local barber. Floors 2 and 3 have served as professional offices for physicians. Floor 2 also includes complete living quarters ideal for nightly rental. The building is ready to be transitioned into a boutique hotel, office complex, or other envisioned uses. New roof and awnings are planned for installation in the summer of 2025. The property is located on a bustling street and offers an opportunity to be part of the growing business community.

Key Highlights

  • Prime downtown location in Lebanon, MO, offering high visibility and access to a growing business community.
  • Versatile spaces suitable for retail, office, mixed‑use, or boutique hotel development.
  • Historical significance as the Joe Knight Building, a recognized landmark on the historical register.

Property Analytics

Current Use

Ahmann Electric Inc Electrical Service Randolph Appraisal Co Real Estate Agency Mel's on Madison Restaurant

Suggested Use

Top Pick Dental Office Building Supply Locksmith HVAC Service Big Box & Wholesale Store Tech Support Center

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

Location Intelligence

Trade Area within ½ mile

967
Businesses Nearby

Demographics for 65536, MO

29,550
Population
13,156
Households
2.2
Avg Household Size
40
Median Age
16%
College-Educated
86%
High-School Grad
402.2 sq mi
ZIP Area
73
Density / Sq Mi
$50,902
Median Household Income
$35,140
Median Earnings
$805
Median Rent
$159,400
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Landmark building in downtown Lebanon with versatile spaces and rich history.
Where is this mixed-use property located?
The property is located at 201 W Commercial St Lebanon, MO.
What is the asking price?
The asking price for this property is $989,900.
What are key features of this property?
This property features: Prime downtown location in Lebanon, MO, offering high visibility and access to a growing business community.; Versatile spaces suitable for retail, office, mixed‑use, or boutique hotel development.; Historical significance as the Joe Knight Building, a recognized landmark on the historical register.
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