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Renovated Mixed-Use Building
For Lease
$1,390,000

203 Elm St, Washington, MO 63090

Historic downtown property combines commercial suites with upper-level apartments and a modernized interior.

Space SizeContact for details
Property Size11,847 SF
Days on Market29

Property Features for 203 Elm St

General Information

Standard status Active
Size 11,847 SF
Property subtype Commercial
Zoning C-3

Building Details

Year Built 1944
Building Size 11,847 SF
Listing Agency: ELS Real Estate Group, LLC
Listed By: Jacob Stallmann () · License #2007016834
Source: Davisrealtor
Added: Aug 2 Changed: Aug 30 Last Checked: Aug 30 at 7:40AM

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 ELS Real Estate Group, LLC

Investment Insights

Based on property information with market context.

The Schroeder Building is a renovated mixed-use property totaling 11,847 square feet across 10 units. Three commercial suites occupy the ground floor: Suite 100 contains 2,650 SF, Suite 100A offers 2,250 SF, and Suite 101 provides 2,100 SF with a multi-office layout and an Elm Street address. The building was constructed in 1944, and the renovation retains historic character while updating the interior. Appliances are included.

Seven one-bedroom apartments are positioned above the commercial space, ranging from 635 to 812 square feet. Each apartment lease includes an automatic 12-month renewal provision, and the residential units are fully occupied. Suite 101 is vacant and configured for professional office, financial, legal, wellness, title, or creative agency use. The property passed a city occupancy inspection in December 2025 and is zoned C-3.

Located at 203 Elm St in Downtown Washington, the building is within a Main Street America-accredited district. Washington serves as Franklin County’s retail, medical, and banking hub, with more than 15,000 residents and over 60 industries.

Key Highlights

  • 11,847 total square feet across 10 units
  • Three ground‑floor commercial suites measuring 2,650 SF, 2,250 SF, and 2,100 SF
  • Seven fully occupied one‑bedroom apartments ranging from 635 to 812 square feet

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Pharmacy Electrical Service HVAC Service Big Box & Wholesale Store Storage Facility Garden 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

822
Businesses Nearby

Demographics for 63090, MO

22,843
Population
9,745
Households
2.3
Avg Household Size
43
Median Age
33%
College-Educated
94%
High-School Grad
81.5 sq mi
ZIP Area
280
Density / Sq Mi
$83,966
Median Household Income
$46,556
Median Earnings
$873
Median Rent
$260,700
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?
Mixed-use property - Historic downtown property combines commercial suites with upper-level apartments and a modernized interior.
Where is this mixed-use property located?
The property is located at 203 Elm St Washington, MO.
What is the lease rate?
The lease rate is $1,390,000.
What are key features of this property?
This property features: 11,847 total square feet across 10 units; Three ground‑floor commercial suites measuring 2,650 SF, 2,250 SF, and 2,100 SF; Seven fully occupied one‑bedroom apartments ranging from 635 to 812 square feet
More about this property
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