Neighborhood Shopping
New
For Sale
$10,173,678
603 N Belt Hwy, Saint Joseph, MO 64506
The center is 99% leased and includes a separately identified 1.27-acre excess parcel.
Property Size100,054 SF
Lot Size10.62 Acres
Price / SF$101.68
Days on Market2
Property Features for 603 N Belt Hwy
General Information
Standard status
Active
Size
100,054 SF
Lot size
10.62 Acres
Property subtype
Shopping Neighborhood
Zoning
C-3
Occupancy
99%
Site & Location
Anchor Co-Tenants
The Salvation Army
Traffic Count
22,822 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
8.5%
Amenities
100,054 SF Regional Center, 99% Leased
New 10-Year Lease to The Salvation Army in Former JoAnn Box
Office Depot is Only National Office Supply Chain Store Within 40 Miles; 27 Year Tenure
64% of Effective Gross Revenue from National Tenants
22,822 Vehicles Per Day on the Belt Highway (US 169)
Priced Below Replacement Cost with Mark to Market Opportunities
Building Details
Building Size
100,054 SF
Year Built
1960
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Washington, D.C.
Listed By:
Dean Zang · License #License(s): MD: 665335, VA: 0225239201
(202) 536-3754
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 2:34PM
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 Marcus & Millichap - Washington, D.C.
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Investment Insights
Based on property information with market context.
This 100,054-square-foot shopping center occupies a 10.62-acre site in St. Joseph, Missouri. The property is reported as 99% leased, with a new 10-year lease for a 20,516-square-foot space to The Salvation Army. Office Depot, New China Super Buffet, New Nail & Spa, Leslie’s, Vintage Stock, and Dollar Tree are among the named tenants. A separate 1.27-acre parcel of excess land is included in the offering.
The center fronts US 169 Belt Highway, where traffic is reported at 22,822 vehicles per day; Frederick Avenue carries 17,718 vehicles per day. The site has 385 feet of Belt Highway frontage, two access points, and a center turn lane. It lies between signalized intersections at Faraon Street and Frederick Avenue, about one-half mile from the I-29 interchange. C-3 zoning permits drive-through use by right. The property adjoins East Hills Shopping Mall, and access connects to the mall.
The center fronts US 169 Belt Highway, where traffic is reported at 22,822 vehicles per day; Frederick Avenue carries 17,718 vehicles per day. The site has 385 feet of Belt Highway frontage, two access points, and a center turn lane. It lies between signalized intersections at Faraon Street and Frederick Avenue, about one-half mile from the I-29 interchange. C-3 zoning permits drive-through use by right. The property adjoins East Hills Shopping Mall, and access connects to the mall.
Key Highlights
- 100,054‑square‑foot shopping center on 10.62 acres
- Reported occupancy of 99%; The Salvation Army signed a 10‑year lease for 20,516 square feet
- Separate 1.27‑acre excess parcel included
Property Analytics
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Open Analytics
Current Use
Lease Details
22,822 VPD
Traffic count
99%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64506, MO
22,828
Population
9,820
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
2,283
Density / Sq Mi
$61,713
Median Household Income
$38,832
Median Earnings
$908
Median Rent
$220,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- East Hills Mall — 3702 Frederick Ave, St Joseph, MO 64506
- Northgate shopping center — N Belt Hwy, St Joseph, MO 64506
- East Ridge Complex — 1345 Village Dr, St Joseph, MO 64506
- East Ridge Village Shopping Center — 1345 Village Dr, St Joseph, MO 64506
Frequently Asked Questions
What type of property is this?
Shopping center - The center is 99% leased and includes a separately identified 1.27-acre excess parcel.
Where is this shopping center located?
The property is located at 603 N Belt Hwy Saint Joseph, MO.
What is the asking price?
The asking price for this property is $10,173,678.
What are key features of this property?
This property features: 100,054‑square‑foot shopping center on 10.62 acres; Reported occupancy of 99%; The Salvation Army signed a 10‑year lease for 20,516 square feet; Separate 1.27‑acre excess parcel included
