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    213-215 Main St Hannibal, MO 63401

    Sponsored
    For Sale
    $799,000

    Event Center, Restaurant, 11,951 SF

    Property size:
    11,951 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The historic Star Theatre, a beautifully renovated 1906 Vaudeville Theatre, presents a unique investment opportunity in Hannibal, Missouri. This 11,951 square foot, two-story building sits on a 0.214-acre lot (APN: 101.08.28.2.31.005.000) and is zoned for Commercial Industrial use. Completely renovated in 2005, the property boasts a full commercial kitchen, a hand-crafted oak bar, walk-in cooler and freezer, making it ideal for in-house catering. Currently vacant, this turn-key operation is ready for a new owner to capitalize on its potential. The spacious venue can accommodate up to 450 people for banquets or 700 for concerts, featuring a full stage with lighting and a movie screen. Its versatility makes it suitable for a wide range of events, including weddings, corporate functions, and private celebrations. The asking price is $799,000. This property offers a rare blend of historical charm and modern functionality in a thriving Missouri community. The building's rich history and substantial size make it an exceptional opportunity for a savvy investor seeking a unique and established commercial property. The property is located at 213-215 S Main St, Hannibal, MO 63401.

    Property Features for 213-215 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    11,951 SF
    Lot Size
    9,322 SF

    Building Details

    Year Built/Renovated
    1906/2005
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hannibal
    County
    Marion
    State
    Missouri
    Longitude
    -91.354778622593
    Latitude
    39.708419494879

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    FAQs

    What type of property is this?
    Restaurant - Event Center, Restaurant, 11,951 SF
    Where is this restaurant located?
    The property is located at 213-215 Main St Hannibal, MO.
    What is the asking price?
    The asking price for this property is $799,000.
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    213-215 Main St Hannibal, MO 63401
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    Hannibal, MO 63401
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    Realmo Value Estimation

    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.

    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.

    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
    213-215 Main St Hannibal, MO 63401
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