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324 324 Main St Carterville, MO 64835

OFF-MARKET Commercial real estate Google Maps
3,720 SF Built 1900
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 3,720 square foot commercial building is located in the heart of downtown Carterville, Missouri, on Historic Route 66. Recently renovated, it boasts a wealth of desirable features including all new energy-efficient windows, impressive 14-foot ceilings, and a new electrical and plumbing system. The roof is only 3 years old. A mini-split HVAC system with a five-head capacity is already installed (currently utilizing two heads). The main floor offers 1,860 square feet of versatile space, currently occupied by a martial arts studio. Upstairs, an additional 1,860 square feet of unfinished space presents a significant opportunity for expansion and customization. Potential uses are numerous, including adding residential units, creating a luxury loft apartment, or developing office spaces with stunning views of Carterville and Route 66. The building's historic location may also qualify for historic tax credits, offering savvy investors additional financial incentives for renovation projects. This property is priced at $150,000. Note that a combined purchase of this property and the adjacent 326 W Main Street is available at a discounted price of $380,000.

Property profile

Verified
Property type Commercial real estate
Year built 1900
Total area 3,720 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Sports School

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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