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Property profile & analytics
OFF-MARKET
Investment properties

1601 Main St Salem, MO 65560-2454

32,880 SF 3.9 ac lot Built 1974
Entity Owned Free & Clear
Property ID
US48-1892709
Property summary
AI-generated overview

This exceptional retail property at 1601 S Main, Salem, MO, presents a unique investment opportunity. Spanning 3.9 acres, the property boasts two substantial buildings totaling 32,962 square feet. Constructed of steel with metal roofs and joined by fire-proof walls and a door, these buildings offer exceptional durability and functionality. The south building features a concrete loading dock, ideal for efficient logistics. Both buildings are equipped with 6-inch reinforced concrete floors, capable of supporting heavy equipment like forklifts. Three-phase electric service is available in the south building. Interior walls are paneled and well-insulated, contributing to reduced utility costs. Heating is provided by ceiling-hung propane heaters, and lighting consists of 8-foot fluorescent fixtures. Each building includes two bathrooms for employee and customer convenience. The north building offers an open outer office area, complete with phone and internet services, and two private 12x15 executive offices. The property's prime location on S Main in Salem, MO, ensures high visibility and accessibility. The long-standing presence of a family-owned business on the site further underscores its established reputation and potential. The existing business may also be available for acquisition under suitable terms. This property is priced at $799,500 and represents a compelling investment in a thriving community. The dimensions of the buildings are 150x120 feet and 80x186 feet respectively.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1974
Total area 32,880 SF
Lot 3.9 ac (169,884 SF)
APN 08-6.0-24-0-00-001.000
UPID US48-1892709
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
BOTTORFF FURNITURE CO
BOTTORFF FURNITURE CO
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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