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    9028 Ely Rd Hannibal, MO 63401

    Sponsored
    For Sale
    $2,332,000

    Prime Hannibal land, commercial/residential potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 17.84-acre parcel presents a unique opportunity for developers seeking prime land in Hannibal, Missouri. Located at 9028 West Ely Road (County Road 412), this property boasts a desirable location along Missouri Highway 36, offering easy access via Veterans Road at West Ely Road. The land features rolling wooded topography, providing a picturesque setting for various development projects. Its strategic position places it just south and east of Hannibal Regional Airport and a mere 1.5 miles east of the new Hannibal Regional Medical Center and Hannibal Children's Medical Center, ensuring high visibility and convenient access to essential services. The property is already annexed within city limits, simplifying the development process. Adding to its appeal, a new neighborhood development is planned directly across Highway 36, promising increased surrounding activity and potential synergy. This versatile land is ideal for both commercial and residential ventures, offering significant potential for substantial returns. The asking price for this remarkable property is $2,332,000. Don't miss this chance to acquire a highly sought-after piece of land in a rapidly growing area of Hannibal. The property's 63401 zip code further underscores its convenient location.

    Property Features for 9028 Ely Rd

    General Information

    Property type
    Land
    Lot Size
    777,110 SF

    HighLights

    • 17.84 acres of undeveloped land on MO Highway 36, west Hannibal.
    • Convenient access from Veterans Rd and West Ely Rd.
    • Wooded acreage near Hannibal Regional Airport, 1.5 miles east of new Hannibal Regional & Children's Medical Centers.
    • Excellent potential for commercial or residential development.
    • City‑limits annexation complete.
    • New residential development planned across Highway 36.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Auto Repair Shop Clothing Store Nail Salon Hotel & Motel Auto Parts Store Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Hannibal
    County
    Marion
    State
    Missouri
    Longitude
    -91.4231445
    Latitude
    39.711824

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    FAQs

    What type of property is this?
    Land - Prime Hannibal land, commercial/residential potential.
    Where is this land located?
    The property is located at 9028 Ely Rd Hannibal, MO.
    What is the asking price?
    The asking price for this property is $2,332,000.
    What are key features of this property?
    This property features: 17.84 acres of undeveloped land on MO Highway 36, west Hannibal.; Convenient access from Veterans Rd and West Ely Rd.; Wooded acreage near Hannibal Regional Airport, 1.5 miles east of new Hannibal Regional & Children's Medical Centers.
    (314) 968-9898
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    9028 Ely Rd 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
    9028 Ely Rd Hannibal, MO 63401
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