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    107 6Th St Saint Joseph, MO 64501

    Sponsored
    For Sale
    $2,899,000

    Historic building, 12 lofts, event space

    Property size:
    23,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional mixed-use property, located at 107 S 6th St, Saint Joseph, MO 64501, presents a unique investment opportunity. The 23,320 square foot building, constructed in 1892 and boasting four stories, features a vibrant blend of commercial and residential space. The main floor houses "The Metropolitan," a versatile event venue, while the upper three floors comprise twelve market-rate lofts. The residential units are a mix of one and two-bedroom layouts, with several including bonus rooms and desirable street views. Rents range from $995 to $1,750 per month, inclusive of water and trash, with tenants responsible for electricity. Each loft is equipped with stainless steel appliances, engineered wood floors, and access to shared laundry facilities on each floor. Tenants enjoy a private key-pass passenger elevator, a freight elevator, convenient alley access, and a private parking space in the adjacent lot. Additional amenities include a full basement for storage, individual 8x10 storage cages, and a shared sun deck on the third floor. The property is ideally situated in the heart of downtown Saint Joseph's revitalization area, surrounded by restaurants, shops, entertainment venues, and government buildings. The C2/P1 zoning allows for a variety of uses. The property's APN is 06-3.0-08-004-002-083.000. This is an excellent opportunity for investors seeking a strong return in a thriving urban setting. The asking price is $2,899,000.

    Property Features for 107 6Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    23,320 SF

    Building Details

    Year Built
    1892
    Stories
    4
    Units
    12

    HighLights

    • Exceptional mixed‑use investment opportunity in downtown Saint Joseph, MO.
    • 23,320 SF, four‑story building (1892 construction) with commercial and residential space.
    • Main floor houses "The Metropolitan" event venue; upper floors contain twelve market‑rate lofts (one & two‑bedroom).
    • Lofts feature stainless steel appliances, engineered wood floors, and rents range from $995 to $1,750/month (water & trash included).
    • Amenities include private parking, passenger & freight elevators, storage, and a shared sun deck.
    • C2/P1 zoning; APN 06‑3.0‑08‑004‑002‑083.000; Asking price: $2,899,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marble Bar Bakery Bakery The Metropolitan Event Venue

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.8526437
    Latitude
    39.7662839

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    FAQs

    What type of property is this?
    Individual retail property - Historic building, 12 lofts, event space
    Where is this individual retail property located?
    The property is located at 107 6Th St Saint Joseph, MO.
    What is the asking price?
    The asking price for this property is $2,899,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in downtown Saint Joseph, MO.; 23,320 SF, four-story building (1892 construction) with commercial and residential space.; Main floor houses "The Metropolitan" event venue; upper floors contain twelve market-rate lofts (one & two-bedroom).
    Request Owner's contact information
    107 6Th St Saint Joseph, MO 64501
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    Saint Joseph, MO 64501
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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
    107 6Th St Saint Joseph, MO 64501
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