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    207 Main St Hannibal, MO 63401

    For Sale
    $350,000

    Turnkey restaurant, furnished apartment, prime location.

    Property size:
    3,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a meticulously preserved Italianate-style building, listed on the National Register of Historic Places, located at 207 S Main St, Hannibal, MO 63401. Built in 1860, this two-story, 3,300 square foot building sits on a 0.071-acre lot and boasts 13-foot ceilings. The main level offers a fully equipped, turnkey restaurant, ready for immediate operation. The restaurant features a gas stove, convection oven, fryers, prep tables, refrigerators, a commercial dishwasher, and an exhaust hood, with seating for approximately 85 patrons. Notable features include a functional 1906 oak and German silver soda fountain, exposed brick walls, and original tin crown molding. The upper level comprises a furnished, 1,100 square foot residential apartment, ideal for owner occupancy or as a separate rental unit, generating additional income. This apartment includes a gas fireplace, fir flooring, and an original claw-foot tub. The property is zoned for commercial and industrial use, offering versatility and potential for various business ventures. The asking price is $350,000. Currently vacant, this property presents a unique chance to own a piece of Hannibal's rich history and establish a thriving business. The property's APN is 010.08.28.2.31.008.000.

    Property Features for 207 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    3,300 SF
    Lot Size
    3,093 SF

    Building Details

    Year Built
    1860
    Buildings
    1
    Stories
    2
    Property Profile Insight Report 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 Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hannibal
    County
    Marion
    State
    Missouri
    Longitude
    -91.35495302495
    Latitude
    39.708661013385

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    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant, furnished apartment, prime location.
    Where is this restaurant located?
    The property is located at 207 Main St Hannibal, MO.
    What is the asking price?
    The asking price for this property is $350,000.
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    207 Main St Hannibal, MO 63401
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    Hannibal, MO 63401
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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
    207 Main St Hannibal, MO 63401
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