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    Historic Mixed-Use Bolivar Property Title is generated by Realmo AI

    215 N Main Avenue, Bolivar, MO 65613

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    Claim this Listing
    Pending
    $325,000

    MULTI_FAMILY - Bolivar, MO

    Property size:
    3,360 SF
    Lot size:
    0.06 Acres
    Added:
    May 8, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 23 at 2:06 pm

    Property Features for 215 N Main Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    C-3
    Bedrooms
    4
    Rooms
    Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4
    Parking features
    On Street
    Standard status
    Pending
    APN
    89-11-0.1-02-004-025-006.00
    Size
    3,360 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    BOLIVAR- ORIG PLAT- EAST 67.25' OF SOUTH 36' LOT 1 BLK 4
    Tax Annual Amount
    437

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Heating system
    Wall Furnace
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1904
    Number of units
    4
    Building materials
    Brick
    Roof type
    Flat

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    Listing Contact
    Ryan Pinkston

    Listing agent Ryan Pinkston

    Listing office Hubbert Realty 1022 W Broadway Ste. D, MO

    Listing date May 8, 2026

    MLS# 60323044 Listing URL

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Built in 1904 with brick construction and a flat roof
    • Includes commercial space plus three rental units: 2 bed/1 bath, 1 bed/1 bath, and 1 bed/1 bath
    • Property has operated as Bolivar’s only dry cleaner for 91 years (per public remarks)
    • Heating: wall furnace; cooling: wall unit(s)
    • Utilities include electricity available and public sewer
    • Parking available on street

    Overview

    This historic mixed-use property is located in the heart of the downtown business district of Bolivar, MO. Originally built as a hotel, the landmark property at 215 N Main Ave has operated as a dry cleaner for 91 years. The property offers multiple income streams, including an established commercial space and three rental units. These include a 2-bedroom, 1-bath loft-style apartment, a 1-bedroom, 1-bath loft-style apartment, and a New York City-inspired 1-bedroom, 1-bath apartment. The building has a total size of 3360 square feet and is situated on a 0.06-acre lot. The property is zoned C-3. This investment opportunity offers exceptional visibility and endless potential for investors, entrepreneurs, or those with an interest in the dry cleaning business.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $52.8k $15.72
    − Vacancy −$3.4k −$1.02
    EGI $49.4k $14.70
    − OpEx −$22.2k −$6.61
    NOI $27.2k $8.08
    3,360 SF · lease $15.72/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $388.0K
    $339.5K – $452.7K (±1% cap)
    NOI $27,162 @ 7.0% cap · market cap 8.36%
    Second Best
    Mixed Use
    $359.1K
    $314.2K – $419.0K (±1% cap)
    NOI $25,137 @ 7.0% cap · market cap 7.73%
    Theoretical Best
    Office A
    $507.1K
    $443.7K – $591.7K (±1% cap)
    NOI $35,499 @ 7.0% cap · market cap 10.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Modern Barber Shop Barber Shop Bolivar Dry Cleaners ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bolivar
    County
    Polk
    State
    Missouri
    Longitude
    -93.412491
    Latitude
    37.615045

    FAQs

    What type of property is this?
    Mixed-use property - Iconic downtown property with commercial space and rental units.
    Where is this mixed-use property located?
    The property is located at 215 N Main Avenue Bolivar, MO.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Built in 1904 with brick construction and a flat roof; Includes commercial space plus three rental units: 2 bed/1 bath, 1 bed/1 bath, and 1 bed/1 bath; Property has operated as Bolivar’s only dry cleaner for 91 years (per public remarks)
    More about this property
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