Riverfront Commercial Asset For
For Sale
Contact for pricing
450 N Main Street, Cape Girardeau, MO 63701
Prime riverfront property suitable for various commercial uses.
Property Size4,400 SF
Price / SF$90.91
Days on Market158
Property Features for 450 N Main Street
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Mixed Use, Industrial
Zoning
Commercial Sale/Business
Building Details
Year Built
1920
Buildings
1
Stories
1
Listing Agency:
Edge Realty
Listed By:
Jacob Fish · License #2010013545
(573) 450-3791
Source:
Crexi
Added: May 13
Changed: Oct 14
Last Checked: Oct 16 at 8:27AM
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 Edge Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial asset is situated directly along the Mississippi River. The property offers potential for office, restaurant, warehouse, or mixed-use concepts. A warehouse is currently located on the property. The property's location and visibility make it suitable for downtown development and parking. The property has a size of 4400 square feet.
Key Highlights
- Prime riverfront location directly on the Mississippi River
- High visibility and ideal for downtown development
- Versatile property suitable for office, restaurant, warehouse, or mixed‑use concepts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,159
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,180
$683.2K
Cap Rate 7%
$487,986
$488.0K
Cap Rate 9%
$379,544
$379.5K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$43.8K $9.96/SF
− Vacancy
−$3.6K −$0.83/SF
EGI
$40.2K $9.13/SF
− OpEx
−$6.0K −$1.37/SF
NOI
$34.2K $7.76/SF
Area
Cape Girardeau County, MO
Vacancy
8.30%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,180
Cap Rate 7%
$487,986
Cap Rate 9%
$379,544
Alternative Uses
Best Use
Specialty Retail
$635.4K
$556.0K – $741.3K
NOI $44,479 @ 7.0% cap · market cap 11.12%
Second Best
Warehouse
$488.0K
$427.0K – $569.3K
NOI $34,159 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,168 @ 7.0% cap · market cap 24.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
883
Businesses Nearby
Explore this area
Business Placement
Demographics for 63701, MO
39,246
Population
17,834
Households
2.2
Avg Household Size
35
Median Age
39%
College-Educated
94%
High-School Grad
132.7 sq mi
ZIP Area
296
Density / Sq Mi
$67,904
Median Household Income
$32,655
Median Earnings
$863
Median Rent
$209,600
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 Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Prime riverfront property suitable for various commercial uses.
Where is this mixed-use property located?
The property is located at 450 N Main Street Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Prime riverfront location directly on the Mississippi River; High visibility and ideal for downtown development; Versatile property suitable for office, restaurant, warehouse, or mixed‑use concepts
