201 Main St Drexel, MO 64742
This exceptional two-story commercial building, located at 201 E Main Street in Drexel, Missouri, presents a unique investment opportunity. Formerly the Drexel Pharmacy, this historic property sits in the heart of downtown Drexel and offers versatile space ideal for a variety of uses. The building currently features a stunning build-out perfect for a medical or professional office, complete with four exam rooms, two bathrooms, a breakroom, a nurse's station, a lobby, and a check-in area. Recent upgrades significantly enhance the property's value and appeal. These improvements include interior and exterior repainting, professional floor cleaning, new awnings on both the front and back of the building, and a new sump pump. The City of Drexel has recently invested in infrastructure improvements, replacing all sidewalks on Main Street, further enhancing the property's desirability. The lot size is not specified. This is a rare chance to acquire a well-maintained, historically significant commercial building in a thriving downtown area. The asking price is $155,000. The property is zoned for retail and office use. The zip code is 64742.
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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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.