203 Main St Drexel, MO 64742-1019
This exceptional commercial property, located at 203 E Main Street in Drexel, Missouri, presents a unique investment opportunity. Priced at $125,000, this single-story building boasts a prime location on the corner of Main Street and Highway A, ensuring high visibility for any business. The building's rich history includes previous uses as the Drexel Pharmacy and a popular coffee shop. The main space, approximately 1500 square feet, is ideal for retail or restaurant use and includes a bathroom, storage areas, and a loft adding approximately 200 square feet of additional space. A third, versatile space, previously used as a dentist's office, offers further potential. Recent improvements include complete interior and exterior repainting, professional floor cleaning, new awnings on both the front and back of the building, and a new sump pump. The City of Drexel has recently upgraded the sidewalks on Main Street, enhancing the property's curb appeal. This property offers a blend of historic charm and modern updates, making it an attractive investment for entrepreneurs seeking a prominent location in a revitalized downtown area. The lot size is 0 square feet. The zip code is 64742. This is a rare chance to own a piece of Drexel's vibrant commercial landscape.
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Finke Raymond H DDS Dental Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.