Property profile

107 Ml St Festus, MO 63028

OFF-MARKET
Office Spaces
Property ID
US48-0980429
3,229 SF 0.09 ac lot Built 1975
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Hotel & Motel Resort

Location

107 Ml St Festus, MO 63028-1815
Festus metro Census 700801 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2019
Price N/A
2019
Price N/A

Zoning & alternative use

CT1 · Festus, MO

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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