128 Cedar St Nevada, MO 64772-2363

Property Details for 128 Cedar St

Year built

1900

Lot size

0.06 lot acres

Property size

4,800 SF

Property type

Commercial real estate

APN

18-2.0-04-304-000-059.000

APU

182004304000059000

Description

This exceptional 4,800 square foot commercial building is situated on a 0.1-acre lot at the corner of the square in Nevada, Missouri (64772). The property, which has been extensively remodeled, is currently generating income from long-term tenants with approximately three years remaining on their lease. The current monthly rent is $780, increasing to $830 in August, with an option to further increase to $850 in July 2026. The building features a ground-level kitchen and break room for tenants, along with a convenient ground-level bathroom. A large storage area accessible via a rear garage door provides ample space for unloading and storage. The unfinished upstairs space presents a significant opportunity for conversion into apartments, mirroring the existing apartments in adjacent buildings. This owner-user investment opportunity boasts a strong rental history and significant upside potential. Annual property taxes are $884. The asking price is $109,000, representing a price per square foot of $22.71. This is a rare chance to acquire a well-maintained, income-producing commercial property in a desirable Missouri location.