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    220 Main St Cape Girardeau, MO 63701

    Sponsored
    For Sale
    $1,200,000

    Prime Commercial Riverfront Property, $1.2M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property presents a rare opportunity to develop a landmark project in the heart of Cape Girardeau, Missouri. Located at 220 N Main Street, this expansive 266' x 134' lot boasts stunning riverfront views and a rich historical context. The asking price is $1,200,000. Its prime downtown location offers unparalleled visibility and accessibility, making it ideal for a diverse range of commercial ventures. Envision a boutique hotel capitalizing on the picturesque river views, a modern multi-level parking garage addressing the city's parking needs, or a vibrant mixed-use development incorporating retail and office spaces. The possibilities are vast, catering to the growing demand for commercial space in this thriving Missouri city. The property's size and location provide ample space for a substantial development, allowing for creative architectural designs and significant return on investment. This is a unique chance to contribute to the ongoing revitalization of downtown Cape Girardeau while securing a valuable asset in a desirable location. The property is zoned for commercial use and is ready for immediate development. Don't miss this exceptional opportunity to acquire a piece of Cape Girardeau's vibrant downtown. The property is situated in Cape Girardeau County, Missouri, with a zip code of 63701.

    Property Features for 220 Main St

    General Information

    Property type
    Land

    HighLights

    • $1,200,000 asking price.
    • Special purpose land, commercial property type.
    • Located at 220 N Main Street, Cape Girardeau, MO 63701.
    • Riverfront lot, 266' x 134'.
    • Ideal for hotel, parking garage, office, or retail development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Girardeau
    County
    Cape Girardeau
    State
    Missouri
    Longitude
    -89.5176887
    Latitude
    37.3066706

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    FAQs

    What type of property is this?
    Land - Prime Commercial Riverfront Property, $1.2M
    Where is this land located?
    The property is located at 220 Main St Cape Girardeau, MO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; Special purpose land, commercial property type.; Located at 220 N Main Street, Cape Girardeau, MO 63701.
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    220 Main St Cape Girardeau, MO 63701
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    Cape Girardeau, MO 63701
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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
    220 Main St Cape Girardeau, MO 63701
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