Building Details

Building Size 110 SF

Year Built 1973

Buildings 1

Stories 1

Construction brick

Tenancy Multi

Listing Agency: HARVEY GRAHAM & ASSOC. REALTY Show Phone

Listed By: Harvey Graham Show Phone

Source: Century21laclede

Added: Sep 28, 2024 Changed: Aug 21 Last Checked: Aug 23 at 11:52AM

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Investment Insights

Based on property information with market context.

Built in 1973, this brick commercial building contains four office and retail suites arranged around a shared courtyard. The suites range from 1,107 to 2,431 square feet, with individual sizes of 1,271 square feet, 1,792 square feet, 2,431 square feet, and 1,107 square feet. Three suites are occupied, while the interiors feature ceramic tile or carpet flooring, acoustical tile ceilings, and painted concrete-block or drywall walls.

The property occupies a corner location on Main Street in downtown New Madrid, Missouri. Its configuration supports separate office or storefront occupancy, with each suite oriented toward the courtyard.

Key Highlights

• Four office and retail suites facing a shared courtyard
• Suite sizes: 202A- 1271 Sq. Ft.; 204B - 1792 sq. ft.; 206 - 2431 sq. ft.; 208 - 1107 sq. ft.
• Three of the four suites are currently occupied

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply HVAC Service Dental Office Pharmacy Real Estate Agency Grocery & Convenience Store

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

4

Office units

75%

Occupancy

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

160

Businesses Nearby

Explore this area Business Placement

Demographics for 63869, MO

3,411

Population

1,691

Households

2

Avg Household Size

42

Median Age

14%

College-Educated

88%

High-School Grad

104.6 sq mi

ZIP Area

33

Density / Sq Mi

$50,521

Median Household Income

$32,490

Median Earnings

$678

Median Rent

$126,200

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 - Corner property with courtyard-facing suites, durable finishes, and three currently occupied spaces.

Where is this office building located?

The property is located at 202 Main Street New Madrid, MO.

What is the asking price?

The asking price for this property is $230,000.

What are key features of this property?

This property features: Four office and retail suites facing a shared courtyard; Suite sizes: 202A- 1271 Sq. Ft.; 204B - 1792 sq. ft.; 206 - 2431 sq. ft.; 208 - 1107 sq. ft.; Three of the four suites are currently occupied