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Property profile & analytics
OFF-MARKET
Commercial real estate

201 Roosevelt St Salem, MO 65560

0.26 ac lot Built 1945
Property ID
Property summary
AI-generated overview

This prime commercial property, located at 201 E Roosevelt Street in Salem, MO, sits on a 0.26-acre lot at the highly visible corner of Highway 19 S and Roosevelt Street. The building offers excellent street frontage and visibility, enhanced by a lighted, partially wrap-around front porch. Access is convenient with two front entrances and the potential for a handicap-accessible ramp. Ample parking is available in a gravel lot accessible from both Roosevelt Street and Highway 19 S. The interior comprises two distinct areas, ideal for separate businesses or a single larger operation. One area, suitable for office use, measures approximately 304 square feet and boasts recent renovations including tongue-and-groove walls and ceilings, updated flooring, and upgraded wiring. The second area, approximately 805 square feet, offers an open layout with endless possibilities for retail or other commercial uses. The property's current price is $129,900. Note that an aerial view is available (approximate dimensions), and a survey will be conducted to separate a small house located on the northeast corner of the lot upon acceptance of an offer. This presents a unique investment opportunity in a high-traffic location.

Property profile
Verified
Property type Commercial real estate
Year built 1945
Lot 0.26 ac (11,326 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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