Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Commercial Building in Alton Title is generated by Realmo AI

    27 Court Square, Alton, MO 65606

    View on Map
    Claim this Listing
    For Sale
    $115,000

    SINGLE_FAMILY - Alton, MO

    Type:Retail
    Lot size:
    0.27 Acres
    Added:
    Jan 28, 2026
    Days on Market:
    108
    Last Refresh:
    May 16 at 5:06 am

    Property Features for 27 Court Square

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    12-8.0-33-4-017-0002.00000
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    596

    Utilities

    Utilities
    Water Available
    Heating system
    Propane (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1911
    Roof type
    Flat, Rubber

    We can help!

    Listing Contact
    Kristie Rackley

    Listing agent Kristie Rackley

    Listing office Iron Brand Realty LLC MO

    Listing date Jan 28, 2026

    MLS# 60314250

    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

    • Large retail space with conversion potential for a restaurant, store, or office.
    • Original hardwood floors and pressed tin ceilings add historic charm.
    • Functioning elevator for easy access.
    • Loading dock in the back for convenient deliveries.
    • Central air conditioning.
    • Historic building (built in 1911).

    Overview

    This historic property, formerly a hardware store, offers a large retail space suitable for conversion into a restaurant, storefront, or office space. The building features original hardwood floors, pressed tin ceilings, a functioning elevator, one bathroom, and a partial basement. A loading dock is located at the back of the property. Situated on a 0.267-acre lot in Alton, Missouri, this property presents a range of possibilities for various business ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Alton
    County
    Oregon
    State
    Missouri
    Longitude
    -91.3645
    Latitude
    36.719

    Nearby Similar for Sale

    • $525,000
      7,146 SF

      Motorcycle Destination in Alton, Missouri

      Premier motorcycle destination in the heart of the Ozarks.
      105 Couch Street, Alton, MO 65606
      View Details
    • $525,000

      Motorcycle Shop & Destination

      Premier motorcycle destination in the heart of the Ozarks.
      105 COUCH STREET, Alton, MO 65606
      View Details
    • $525,000

      Motorcycle Destination in the Ozarks

      Historic motorcycle shop and destination in Alton, Missouri.
      105 Couch Street, Alton, MO 65606
      View Details
    • $349,900
      1,940 SF

      Ozarks Hobby Farm on 20 Acres

      Updated country home on 20 acres in the Ozarks.
      749 State Highway HH, Alton, MO 65606
      View Details
    • $1.00
      6,910 SF

      661-Acre Ranch in Scenic Ozarks

      Premier cattle and horse ranch on protected Ozark Mountain riverway.
      4495 County Road 405, Alton, MO 65606
      View Details
    • $3,500,000
      6,910 SF

      Ozark Mountain Riverway Ranch

      Premier cattle and horse ranch on protected scenic riverway.
      4495 County Road 405, Alton, MO 65606
      View Details
    • $95,000
      2,940 SF

      Missouri Homestead on 20 Acres

      Amish-built homestead near Alton, Missouri, with multiple buildings.
      645 County Road 201, Alton, MO 65606
      View Details
    • $128,000
      2,940 SF

      Secluded Amish-Built Homestead in Ozarks

      40-acre homestead with two homes, shop, and outbuildings.
      645 County Road 201, Alton, MO 65606
      View Details
    • $115,000

      Historic Retail Space with Elevator

      Versatile retail space with original features and loading dock.
      27 Court Sq, Alton, MO, 65606
      View Details
    • $115,000
      5,415 SF

      Historical Commercial Property with Elevator

      Large retail space suitable for various business ventures.
      27 Court Square, Alton, MO 65606
      View Details

    FAQs

    What type of property is this?
    Storefront property - Versatile commercial property with retail and restaurant potential.
    Where is this storefront property located?
    The property is located at 27 Court Square Alton, MO.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: Large retail space with conversion potential for a restaurant, store, or office.; Original hardwood floors and pressed tin ceilings add historic charm.; Functioning elevator for easy access.
    (417) 270-7164
    We can help!
    Listing Contact
    Kristie Rackley
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    27 Court Square, Alton, MO 65606
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!