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    Property profile & analytics
    OFF-MARKET
    Office Spaces

    107 Ml St, Festus, MO 63028-1815

    3,229 SF 0.09 ac lot Built 1975
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US48-0980429
    Property summary
    AI-generated overview

    This exceptional 6000+ square foot commercial building, located at 107 S Mill Street in the heart of downtown Festus, Missouri, presents a remarkable opportunity for a wide range of businesses. Currently configured as an auto body shop, this versatile property boasts significant potential for adaptation to various commercial uses. The spacious layout includes a welcoming reception area, multiple offices, ample bathroom facilities, and several generously sized repair bays, perfectly suited for a variety of operations. A key advantage is the expansive, newly asphalted and fenced parking lot, providing convenient and secure parking for customers and employees. The building's prime location within the vibrant downtown Festus Main Street area offers excellent visibility and accessibility. The current owners are open to negotiating the sale, potentially including some existing equipment, making this an even more attractive proposition. This is a rare chance to acquire a substantial commercial property in a thriving downtown setting. Schedule a viewing to envision the possibilities and transform this space into your next business venture. The property is offered at $649,999. The lot size is 0 acres.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1975
    Total area 3,229 SF
    Lot 0.09 ac (3,920 SF)
    Zoning code CT1
    APN 19-3.0-06.0-4-029-006.
    UPID US48-0980429
    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
    • Schaper Auto Repair Auto Repair Shop
    • The Common Ground Hotel & Motel Resort
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Vogel Team LLC · 3 yrs held
    Vogel Team LLC
    since 2023
    3 recorded transactions
    2023
    2019
    2019
    Zoning & alternative use
    CT1 · Festus, MO
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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