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Property profile & analytics
FOR SALE
Retail space

107 S 6Th St St Joseph, MO 64501

23,320 SF Built 1892
Property ID
US48-2663663
Property summary
AI-generated overview

This exceptional mixed-use property, located at 107 S 6th St, Saint Joseph, MO 64501, presents a unique investment opportunity. The 23,320 square foot building, constructed in 1892 and boasting four stories, features a vibrant blend of commercial and residential space. The main floor houses "The Metropolitan," a versatile event venue, while the upper three floors comprise twelve market-rate lofts. The residential units are a mix of one and two-bedroom layouts, with several including bonus rooms and desirable street views. Rents range from $995 to $1,750 per month, inclusive of water and trash, with tenants responsible for electricity. Each loft is equipped with stainless steel appliances, engineered wood floors, and access to shared laundry facilities on each floor. Tenants enjoy a private key-pass passenger elevator, a freight elevator, convenient alley access, and a private parking space in the adjacent lot. Additional amenities include a full basement for storage, individual 8x10 storage cages, and a shared sun deck on the third floor. The property is ideally situated in the heart of downtown Saint Joseph's revitalization area, surrounded by restaurants, shops, entertainment venues, and government buildings. The C2/P1 zoning allows for a variety of uses. The property's APN is 06-3.0-08-004-002-083.000. This is an excellent opportunity for investors seeking a strong return in a thriving urban setting. The asking price is $2,899,000.

Property profile
Verified
Property type Retail space
Year built 1892
Total area 23,320 SF
APN 06-3.0-08-004-002-083.000
UPID US48-2663663
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
Current use
Occupant on record · Public records
  • Marble Bar Bakery Bakery Specialty Food Shop
  • The Metropolitan Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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