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Historic Mixed-Use Building

409 Market Street, Hermann, MO 65041

For Sale
$1,195,000

Three storefront spaces, four guest suites and a leased loft apartment provide a varied property configuration.

Property SizeContact for details
Days on Market124

Property Features for 409 Market Street

General Information

Standard status Active
Total Parking Spaces 6
Property subtype Commercial

Units

Unit Mix 4 x short-term rental guest suites, 1 x loft apartment
Multifamily Units 5

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Additional Details

Mixed-Use Components retail, short-term rental, residential

Taxes and HOA fees

Annual Taxes $4,454

Amenities

composite deck

Building Details

Year Built 1880
Year Renovated 2023
Buildings 2
Construction brick
Tenancy Multi
Listing Agency: Hartman Real Estate
Listed By: David Hartman
Source: Cathlees
Added: Jul 9 Changed: Nov 7 Last Checked: Nov 8 at 4:58PM

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 Hartman Real Estate

Rey
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Investment Insights

Based on property information with market context.

Dating to 1880, this 2½-story brick building combines retail space, short-term lodging and an apartment. Its three retail spaces include two leased storefronts on the main level and a second-floor studio occupied by the owner; each has a half bath. Four guest suites on the second floor have private full baths, and a leased loft apartment occupies the third floor. A stone storage building and off-street parking for six vehicles, reached by alley, are also included.

Work completed in 2020 included electrical and plumbing updates, bathrooms, water heaters, a water softener, HVAC systems, a metal roof, stonework, third-floor vinyl windows and a composite deck. A rear addition at the main level followed in 2023. The property is in downtown Hermann, near shops, restaurants, wineries and attractions.

Key Highlights

  • Three retail spaces: two leased storefronts and an owner‑occupied studio
  • Four second‑floor guest suites, each with a private full bath
  • Leased third‑floor loft apartment

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Short term rental ...

Suggested Use

Top Pick Building Supply Parking Lot & Garage HVAC Service Electrical Service Big Box & Wholesale Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

471
Businesses Nearby

Demographics for 65041, MO

5,389
Population
2,961
Households
1.8
Avg Household Size
49
Median Age
24%
College-Educated
94%
High-School Grad
238.9 sq mi
ZIP Area
23
Density / Sq Mi
$65,099
Median Household Income
$38,633
Median Earnings
$805
Median Rent
$206,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Three storefront spaces, four guest suites and a leased loft apartment provide a varied property configuration.
Where is this mixed-use property located?
The property is located at 409 Market Street Hermann, MO.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Three retail spaces: two leased storefronts and an owner‑occupied studio; Four second‑floor guest suites, each with a private full bath; Leased third‑floor loft apartment
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