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    1005 Garfield Ave Saint Joseph, MO 64503

    For Sale
    $250,000

    M-3 zoned warehouse, auto repair shop, apartment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a substantial 1.34-acre M-3 zoned property in St. Joseph, Missouri, at 1005 Garfield Avenue, zip code 64503. The property, built in 1930, is a two-story warehouse currently operating as a profitable auto repair shop with a tenant (requiring three months' notice to vacate). The main building features a large office area and several additional upstairs spaces offering versatile usage potential. A significant highlight is the inclusion of an apartment situated above the office. The property also boasts a rear loading dock area (roof requiring repair or demolition), a fenced-in rear lot (requiring some fence repair), and ample indoor and outdoor space. The auto repair garage includes lifts that may remain or be removed at the buyer's discretion. Remnants of the property's previous use as Garfield Lumber remain on-site and can be removed or retained by the new owner. This property offers significant potential for various commercial uses, given its size, zoning, and existing infrastructure. The asking price is $250,000.

    Property Features for 1005 Garfield Ave

    General Information

    Property type
    Distribution properties
    Lot Size
    58,370 SF

    Building Details

    Year Built
    1930
    Stories
    2

    HighLights

    • $250,000 asking price for this industrial warehouse property.
    • 1.34‑acre lot in St. Joseph, MO.
    • 1930 construction, two‑story building.
    • M‑3 zoning, currently used as a tow lot and auto repair shop with a tenant (3‑month notice required for vacancy).
    • Features a loading dock (roof needing repair/demolition), large office area, and additional upstairs space.
    • Includes a separate apartment above the office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    5 Star Cab ... Taxi Service Superior Tow & Recovery ... Towing Service A and Z auto repair ... Auto Bodywork Mechanic Boss Motor Sports Auto Restoration Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.8475488
    Latitude
    39.7426366

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    FAQs

    What type of property is this?
    Distribution property - M-3 zoned warehouse, auto repair shop, apartment.
    Where is this distribution property located?
    The property is located at 1005 Garfield Ave Saint Joseph, MO.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: $250,000 asking price for this industrial warehouse property.; 1.34-acre lot in St. Joseph, MO.; 1930 construction, two-story building.
    Request Owner's contact information
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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
    1005 Garfield Ave Saint Joseph, MO 64503
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