Flex Space with Shop and Living
New
For Sale
$175,000
306 E Franklin Street, Salem, MO 65560
Commercial Sale, Salem, MO
Property SizeContact for details
Lot Size0.30 Acres
Days on Market2
Property Features for 306 E Franklin Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Parking features
Open, Oversize, Garage, Parking Lot, Driveway
Security features
Security System
Fencing
Privacy
Appliances
Stainless Steel Appliance(s), Electric Cooktop, Dishwasher, Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked, Electric Water Heater
Subdivision
Millsap Add
Standard status
Active
APN
09-4.0-18-3-64-001.001
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT LOTS 1 & 4 AND PT VACATED E ELLIS ST BLOCK 22 MILLSAP ADDITION
Tax Annual Amount
994
Legal Description
PT LOTS 1 & 4 AND PT VACATED E ELLIS ST BLOCK 22 MILLSAP ADDITION
Utilities
Utilities
Cable Available
Heating system
Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Multi Units
Water source
Public
Building Details
Year built
1984
Flooring type
Vinyl, Concrete
Building materials
Concrete, Frame, Metal Siding
Listing Agency:
VIP Properties
(573) 729-7622
Listed By:
Jordan Thompson · License #2020033101
(573) 729-7622
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 11:06PM
MLS# 26021558
Copyright © 2026 South Central Board of Realtors-MO. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property combines a 33-by-32-foot shop with attached living quarters configured as one bedroom and one bathroom. The shop includes a 14-foot ceiling, 8-by-10-foot and 12-by-10-foot garage doors, central heat and air, a shop sink, toolboxes, and a workbench. The residence includes a full kitchen with stainless steel appliances, an electric cooktop, custom cabinetry, quartz countertops, a pantry, and a butcher-block breakfast bar. A utility and storage room contains a stacked washer and dryer.
Located at 306 E Franklin Street in Salem, Missouri, the property sits on a 0.3-acre lot with a private entrance and large gravel area. Additional features include metal siding, a metal roof, seamless gutters, updated wiring, PEX plumbing, a whole-house water filter, public water, and a privacy fence. Two mini-split systems serve the living quarters, while vinyl and concrete flooring are used throughout.
Located at 306 E Franklin Street in Salem, Missouri, the property sits on a 0.3-acre lot with a private entrance and large gravel area. Additional features include metal siding, a metal roof, seamless gutters, updated wiring, PEX plumbing, a whole-house water filter, public water, and a privacy fence. Two mini-split systems serve the living quarters, while vinyl and concrete flooring are used throughout.
Key Highlights
- 33‑by‑32‑foot shop with a 14‑foot ceiling
- Two garage doors: 8‑by‑10 feet and 12‑by‑10 feet
- One‑bedroom, one‑bath living quarters with full kitchen
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65560, MO
13,292
Population
6,355
Households
2.1
Avg Household Size
45
Median Age
18%
College-Educated
85%
High-School Grad
664.2 sq mi
ZIP Area
20
Density / Sq Mi
$53,423
Median Household Income
$33,606
Median Earnings
$625
Median Rent
$141,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Salem Catering Co — RR 2 Box 78, Salem, MO 65560
Frequently Asked Questions
What type of property is this?
Flex space - Updated flex property combines a working shop with a one-bedroom residence, kitchen, and full bathroom.
Where is this flex space located?
The property is located at 306 E Franklin Street Salem, MO.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 33‑by‑32‑foot shop with a 14‑foot ceiling; Two garage doors: 8‑by‑10 feet and 12‑by‑10 feet; One‑bedroom, one‑bath living quarters with full kitchen
