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    203 Main St Drexel, MO 64742

    For Sale
    $125,000

    Historic Downtown Office Space, $125,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 203 E Main Street in Drexel, Missouri, presents a unique investment opportunity. Priced at $125,000, this single-story building boasts a prime location on the corner of Main Street and Highway A, ensuring high visibility for any business. The building's rich history includes previous uses as the Drexel Pharmacy and a popular coffee shop. The main space, approximately 1500 square feet, is ideal for retail or restaurant use and includes a bathroom, storage areas, and a loft adding approximately 200 square feet of additional space. A third, versatile space, previously used as a dentist's office, offers further potential. Recent improvements include complete interior and exterior repainting, professional floor cleaning, new awnings on both the front and back of the building, and a new sump pump. The City of Drexel has recently upgraded the sidewalks on Main Street, enhancing the property's curb appeal. This property offers a blend of historic charm and modern updates, making it an attractive investment for entrepreneurs seeking a prominent location in a revitalized downtown area. The lot size is 0 square feet. The zip code is 64742. This is a rare chance to own a piece of Drexel's vibrant commercial landscape.

    Property Features for 203 Main St

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Stories
    1

    HighLights

    • $125,000 asking price.
    • 1‑story, 1,500 SF office building plus 200 SF loft.
    • Located at 203 E Main Street, Drexel, MO 64742, on a corner lot with high visibility.
    • Recently renovated with new awnings, repainting, and floor cleaning.
    • Suitable for retail, restaurant, or other commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Finke Raymond H ... Dentist

    Suggested Use

    Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Drexel
    County
    Cass
    State
    Missouri
    Longitude
    -94.6084764
    Latitude
    38.4795079

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Downtown Office Space, $125,000
    Where is this office property / space located?
    The property is located at 203 Main St Drexel, MO.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: $125,000 asking price.; 1-story, 1,500 SF office building plus 200 SF loft.; Located at 203 E Main Street, Drexel, MO 64742, on a corner lot with high visibility.
    Request Owner's contact information
    203 Main St Drexel, MO 64742
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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
    203 Main St Drexel, MO 64742
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