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Property profile & analytics
OFF-MARKET
Medical Office Space

203 Main St Drexel, MO 64742-1019

6,080 SF 0.2 ac lot Built 1910
Entity Owned Absentee Owner Free & Clear
Property ID
US48-1891680
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1910
Total area 6,080 SF
Lot 0.2 ac (8,712 SF)
APN 16-09-31-403-000-027.000
UPID US48-1891680
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
  • Finke Raymond H DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
P46 PROPERTIES LLC
P46 PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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