201 Roosevelt St Salem, MO 65560
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.