201 W Commercial St Lebanon, MO 65536
For Sale
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This exceptional 10,572 square foot retail property, located at 201 W Commercial Street in Lebanon, Missouri, presents a rare opportunity to own a piece of history. The Joe Knight Building, a registered historical landmark, boasts a captivating Streamline Moderne architectural style, highlighted by original glass block accents characteristic of the Art Deco era. Situated on a 0.25-acre lot in the heart of downtown Lebanon, this building enjoys a high-traffic location within a thriving business community. The main level previously housed a fully operational restaurant, offering ample space and existing infrastructure for a similar venture or adaptable to other retail uses. The basement, with its history as county offices and a barber shop, provides significant additional square footage with potential for various uses. The second and third floors, previously used as professional medical offices, offer versatile space suitable for office suites or other commercial applications. The building's expansive interiors feature high ceilings and abundant natural light, creating a welcoming and functional environment. This property's rich history and prime location make it ideal for a variety of commercial ventures, including a boutique hotel, office complex, or a unique retail experience. The asking price for this landmark property is $1,099,000. Don't miss this chance to acquire a truly unique and historically significant commercial building in a vibrant Missouri town.
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Ahmann Electric Inc Electrical Service General Contractor
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Randolph Appraisal Co Real Estate Agency
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Mel's on Madison Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.