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Union MO Retail Opportunity
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3 S Oak St, Union, MO

Remodeled retail space with tenant in place in downtown Union.

Property Size2,396 SF
Lot Size0.10 Acres
Price / SF$93.91
Days on Market304

Property Features for 3 S Oak St

General Information

Standard status Active
Size 2,396 SF
Lot size 0.10 Acres
Property subtype RETAIL
Listing Agency: Dolan Realtors | Washington
Listed By: Penny Rombach
Source: Moodyscre
Added: Sep 30, 2025 Changed: Jul 6 Last Checked: Jul 30 at 5:43PM

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 Dolan Realtors | Washington

Investment Insights

Based on property information with market context.

Located in downtown Union, Missouri, this property presents an opportunity for investment or business use. The one-story building, as per tax records, has 2112 square feet. The property features a remodeled upfront space equipped with a commercial kitchen sink and ample storage. It includes updated ADA-compliant restrooms. The building has a large front entry foyer area and a side alley entrance with a 42-inch wide door. It is equipped with 3-phase electric and features towering old-style tin ceilings. The property is currently occupied by a tenant who is interested in remaining. The total property size is 2396 square feet.

Key Highlights

  • Downtown Union location presents investment or business opportunities.
  • Tenant in place, offering immediate rental income potential.
  • Remodeled space with commercial kitchen sink and ample storage.

Financial Insights For Industrial

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 $22.7k $9.48
− Vacancy −$977 −$0.41
EGI $21.7k $9.07
− OpEx −$6.5k −$2.72
NOI $15.2k $6.35
2,396 SF · lease $9.48/SF/yr · vacancy 4.30% · expense 30.00%

Alternative Uses

Best Use
Specialty Retail
$371.8K
$325.4K – $433.8K (±1% cap)
NOI $26,029 @ 7.0% cap · market cap 11.57%
Second Best
Retail
$322.3K
$282.0K – $376.0K (±1% cap)
NOI $22,559 @ 7.0% cap · market cap 10.03%
Theoretical Best
Office A
$705.4K
$617.2K – $823.0K (±1% cap)
NOI $49,377 @ 7.0% cap · market cap 21.95%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency HVAC Service Garden Center Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

1,814
Businesses Nearby
262k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 39% Dining 25% Shops & Services 21% Home Improvements & Furnishings 14%
Costco Wholesale Superstores
102,263 visits/mo 0.2 miles
The Home Depot Home Improvements & Furnishings
35,462 visits/mo 0.3 miles
McDonald's Dining
26,020 visits/mo 0.3 miles
Costco Gasoline Shops & Services
24,626 visits/mo 0.3 miles
Wendy's Dining
18,692 visits/mo 0.2 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Remodeled retail space with tenant in place in downtown Union.
Where is this retail space located?
The property is located at 3 S Oak St Union, MO.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Downtown Union location presents investment or business opportunities.; Tenant in place, offering immediate rental income potential.; Remodeled space with commercial kitchen sink and ample storage.
(314) 220-0783 Call to check price and availability
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