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    121 Us Highway 40 Odessa, MO 64076

    For Sale
    $450,000

    Charming log cabin, versatile space, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This unique 1934-built, two-story log cabin presents a remarkable investment opportunity in Odessa, Missouri. Located conveniently off I-70 on Highway 40, this approximately 0.41-acre property offers exceptional versatility. Currently zoned residential, but with potential for rezoning, the building boasts a multitude of possible uses. Imagine establishing a thriving retail business, creating a unique Airbnb experience, opening a restaurant, hosting events, or even developing an escape room. The possibilities are truly endless. The property features four bathrooms, a commercial freezer, a convenient back entrance, and ample parking with a large front porch. The asking price is $450,000. Its prime location and adaptable nature make this a rare find for entrepreneurs and investors seeking a distinctive property with significant upside potential. The building's character and the expansive possibilities make this a truly exceptional opportunity in the heart of Odessa. Don't miss the chance to own this piece of Missouri history and shape its future.

    Property Features for 121 Us Highway 40

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1934
    Stories
    2

    HighLights

    • 1934‑built, two‑story log cabin on ~0.41 acres in Odessa, MO.
    • Convenient I‑70 & Hwy 40 location.
    • Currently residentially zoned, with rezoning potential for retail, Airbnb, restaurant, events, or other uses.
    • Features four bathrooms, commercial freezer, back entrance, ample parking, and large front porch.
    • Asking price: $450,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Lafayette
    State
    Missouri
    Longitude
    -93.9527898
    Latitude
    39.0067858

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    FAQs

    What type of property is this?
    Retail property - Charming log cabin, versatile space, prime location.
    Where is this retail property located?
    The property is located at 121 Us Highway 40 Odessa, MO.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 1934-built, two-story log cabin on ~0.41 acres in Odessa, MO.; Convenient I-70 & Hwy 40 location.; Currently residentially zoned, with rezoning potential for retail, Airbnb, restaurant, events, or other uses.
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    Odessa, MO 64076
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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
    121 Us Highway 40 Odessa, MO 64076
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