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    201 Main St Drexel, MO 64742

    For Sale
    $155,000

    Historic building, prime location, $155,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional two-story commercial building, located at 201 E Main Street in Drexel, Missouri, presents a unique investment opportunity. Formerly the Drexel Pharmacy, this historic property sits in the heart of downtown Drexel and offers versatile space ideal for a variety of uses. The building currently features a stunning build-out perfect for a medical or professional office, complete with four exam rooms, two bathrooms, a breakroom, a nurse's station, a lobby, and a check-in area. Recent upgrades significantly enhance the property's value and appeal. These improvements include 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 invested in infrastructure improvements, replacing all sidewalks on Main Street, further enhancing the property's desirability. The lot size is not specified. This is a rare chance to acquire a well-maintained, historically significant commercial building in a thriving downtown area. The asking price is $155,000. The property is zoned for retail and office use. The zip code is 64742.

    Property Features for 201 Main St

    General Information

    Property type
    Restaurants

    Building Details

    Stories
    2

    HighLights

    • $155,000 asking price.
    • Retail and office property in Drexel, MO.
    • Two‑story building located at 201 E Main Street, Drexel, MO 64742.
    • Former Drexel Pharmacy; currently configured as a medical or professional office with 4 exam rooms, 2 bathrooms, breakroom, nurse's station, lobby, and check‑in area.
    • Recent upgrades include interior/exterior painting, floor cleaning, new awnings, and a new sump pump.
    Property Profile Location Intelligence

    Current Use by Public Records

    Designs By Dashtin Photography Service Drexel Wellness Center Chiropractor Spiritsong Wellness Life Coach

    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
    -94.6088478
    Latitude
    38.4795903

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    FAQs

    What type of property is this?
    Restaurant - Historic building, prime location, $155,000
    Where is this restaurant located?
    The property is located at 201 Main St Drexel, MO.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: $155,000 asking price.; Retail and office property in Drexel, MO.; Two-story building located at 201 E Main Street, Drexel, MO 64742.
    Request Owner's contact information
    201 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
    201 Main St Drexel, MO 64742
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