Corner Restaurant and Retail
For Sale
$295,000
522 Felix St, St Joseph, MO 64501
Corner building with entrances on Felix and 6th, free parking lot behind, and a newly updated roof and bathroom.
Property Size2,700 SF
Price / SF$109.26
Days on Market193
Property Features for 522 Felix St
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
Integrity 1St Real Estate Solutions
(816) 738-1946
Listed By:
Amy Arndorfer · License #2000156181
(816) 224-5650
Source:
Amysold
Added: Apr 11
Changed: Oct 19
Last Checked: Oct 19 at 6:40AM
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 Integrity 1St Real Estate Solutions
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Investment Insights
Based on property information with market context.
This corner storefront property offers approximately 2,700 sq ft of space plus a full basement. Improvements include a new roof and a newly updated bathroom. The building has street-facing entrances on Felix St and 6th St.
Parking is available in a free lot behind the building, along with on-street parking in front on Felix St and on the side along 6th St. The site is described as being in the heart of downtown revitalization with high car and pedestrian traffic. Mosaic (270+ employees) is about one block east on Felix, and many nearby restaurants and retail surround the area.
The configuration and frontage make the building adaptable for a variety of retail and food-and-beverage concepts, including restaurant or bar use, as well as retail and service-oriented businesses.
Parking is available in a free lot behind the building, along with on-street parking in front on Felix St and on the side along 6th St. The site is described as being in the heart of downtown revitalization with high car and pedestrian traffic. Mosaic (270+ employees) is about one block east on Felix, and many nearby restaurants and retail surround the area.
The configuration and frontage make the building adaptable for a variety of retail and food-and-beverage concepts, including restaurant or bar use, as well as retail and service-oriented businesses.
Key Highlights
- Corner building with entrances on Felix St. and 6th St.
- 2,700 sq ft plus a full basement.
- New roof and newly updated bathroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,474
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,480
$509.5K
Cap Rate 7%
$363,914
$363.9K
Cap Rate 9%
$283,044
$283.0K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$37.9K $14.04/SF
− Vacancy
−$1.5K −$0.56/SF
EGI
$36.4K $13.48/SF
− OpEx
−$10.9K −$4.04/SF
NOI
$25.5K $9.43/SF
Area
Buchanan County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,480
Cap Rate 7%
$363,914
Cap Rate 9%
$283,044
Alternative Uses
Best Use
Specialty Retail
$391.9K
$343.0K – $457.3K
NOI $27,436 @ 7.0% cap · market cap 9.30%
Second Best
Retail
$363.9K
$318.4K – $424.6K
NOI $25,474 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 19.33%
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
978
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 42%
Taco Bell
Dining
8,236 visits/mo
0.3 miles
Cenex
Shops & Services
4,346 visits/mo
0.2 miles
Commerce Bank
Shops & Services
1,765 visits/mo
0.1 miles
Krispy Krunchy Chicken
Dining
789 visits/mo
0.2 miles
CubeSmart Self Storage
Shops & Services
439 visits/mo
0.3 miles
Demographics for 64501, MO
11,020
Population
5,598
Households
2
Avg Household Size
36
Median Age
18%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
2,978
Density / Sq Mi
$41,615
Median Household Income
$29,276
Median Earnings
$823
Median Rent
$97,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- The Unique Unicorn — 618 Francis St, St Joseph, MO 64501
Frequently Asked Questions
What type of property is this?
Storefront property - Corner building with entrances on Felix and 6th, free parking lot behind, and a newly updated roof and bathroom.
Where is this storefront property located?
The property is located at 522 Felix St St Joseph, MO.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Corner building with entrances on Felix St. and 6th St.; 2,700 sq ft plus a full basement.; New roof and newly updated bathroom.
