Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Building, Mountain Grove Title is generated by Realmo AI

    401 N Busch Street, Mountain Grove, MO 65711

    View on Map
    Claim this Listing
    For Sale
    $189,000

    SINGLE_FAMILY - Mountain Grove, MO

    Type:Retail
    Lot size:
    0.54 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    29
    Last Refresh:
    May 13 at 11:06 am

    Property Features for 401 N Busch Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking
    800
    Standard status
    Active
    APN
    8421300810020501
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    558

    Building Details

    Year built
    2020

    We can help!

    Listing Contact
    Julie A. Thompson
    Julie A. Thompson

    Listing agent Julie A. Thompson License #2014041980

    Listing office RE/MAX Farm and Home 911 N Main, Mountain Grove, MO

    Listing date Apr 15, 2026

    MLS# 60320970

    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 2020 with high‑quality Amish construction.
    • Multi‑use potential: office, spa, salon, retail, or living quarters.
    • Plumbed for multiple bathrooms and showers, supporting multiple tenants.
    • Corner lot location with easy access.
    • New flooring installed.
    • Lobby area with room for kitchenette.

    Overview

    Located on a corner lot with easy access, this property presents a business and investment opportunity. Constructed in 2020, the building is currently used as a spa but offers potential for multiple tenants. The interior features an entry area with a seating/lobby space, a bathroom, and room for a kitchenette. On either side of the lobby are office/treatment rooms, each connected to an area plumbed for a shower and full bathroom. New flooring has been installed. The property could serve as a multi-unit rental, office, spa, hair salon, or retail location. Conversion into partial living quarters is also a possibility. The building sits on a 0.54-acre lot in Mountain Grove, Missouri.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Mountain Grove
    County
    Wright
    State
    Missouri
    Longitude
    -92.3257
    Latitude
    37.2656

    Nearby Similar for Sale

    • $119,900

      Mountain Grove Commercial Opportunity

      1840 sq ft commercial property near town square.
      129 E 2nd Street, Mountain Grove, MO 65711
      View Details
    • $264,900

      Highway Frontage Retail Opportunity

      2,800 sq ft retail space with highway visibility.
      400 W Business 60, Mountain Grove, MO 65711
      View Details
    • $799,000
      53,390 SF

      Versatile Industrial Building in Mountain Grove

      53,390+/- sq ft industrial building ideal for distribution, manufacturing.
      102 W Front Street, Mountain Grove, MO 65711
      View Details
    • $70,000

      Commercial Building with Garage

      Vacant commercial building with garage and storage in Mountain Grove.
      510 W 1st Street, Mountain Grove, MO 65711
      View Details
    • $299,900
      2,600 SF

      Highway Frontage Commercial Building

      Renovated commercial building with highway frontage and expansion potential.
      405 W Clouse Street, Mountain Grove, MO 65711
      View Details
    • $939,000

      Productive Pastureland in Wright County

      121 acres of pastureland with live water and highway frontage.
      9551 C-Highway Ff, Mountain Grove, MO 65711
      View Details
    • $799,000

      100 Acres of Prime Pastureland

      100 acres of pastureland near Mountain Grove, Missouri.
      9551 C-Highway Ff, Mountain Grove, MO 65711
      View Details
    • $264,900
      2,800 SF

      Highway Business Frontage Retail Opportunity

      2,800 SF building with highway frontage and multiple uses.
      400 W Business 60, Mountain Grove, MO 65711
      View Details
    • $119,900
      1,840 SF

      Versatile Commercial Space Near Town Square

      1,840 sq ft commercial property with flexible floor plan.
      129 E 2nd St, Mountain Grove, MO, 65711-1720
      View Details
    • $375,000

      Large Warehouse in Mountain Grove

      4.5-acre warehouse spanning a city block with multiple loading docks.
      900 N Forrest St, Mountain Grove, MO, 65711-1401
      View Details

    FAQs

    What type of property is this?
    Retail space - Multi-use commercial building with potential for various business ventures.
    Where is this retail space located?
    The property is located at 401 N Busch Street Mountain Grove, MO.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: Built in 2020 with high‑quality Amish construction.; Multi‑use potential: office, spa, salon, retail, or living quarters.; Plumbed for multiple bathrooms and showers, supporting multiple tenants.
    (417) 349-0213
    We can help!
    Listing Contact
    Julie A. Thompson
    Julie A. Thompson
    Real Estate License ID: 2014041980
    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
    401 N Busch Street, Mountain Grove, MO 65711
    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!