You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Investment properties

201 W Commercial St Lebanon, MO 65536

8,040 SF Built 1948
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US48-2221303
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1948
Total area 8,040 SF
APN 13-1.0-11-002-024-021.000
UPID US48-2221303
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
  • Ahmann Electric Inc Electrical Service General Contractor
  • Randolph Appraisal Co Real Estate Agency
  • Mel's on Madison Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rmelw LLC · 4 yrs held
Rmelw LLC
since 2022
6 recorded transactions
2025
Price N/A
2022
Price N/A
2022
Price N/A
2021
Price N/A
2020
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message