Property summary
This exceptional three-story brick office building, located at 221 W. Cherry St. in Nevada, Missouri, presents a unique investment opportunity. Boasting 76,500 square feet of space, this former office service center offers ample room for a growing company. The property includes existing cubicles, private office furniture, conference rooms, and other support areas, all situated on a 1.23-acre lot with 53 parking spaces. Conveniently located in the C-2 General Business District, this property provides easy access from three streets, including Cherry Street, US Route 54, and Interstate 49. Originally constructed for Farm & Home Savings and Loan, the building features a full basement and benefits from Vernon County's pro-business climate and access to a strong talent pool fueled by several local educational institutions including Cottey College, Crowder College, Midwest Welding Institute, and the Nevada Regional Technical Center. The asking price for this turnkey operation is $1,600,000. This is a rare chance to acquire a substantial, well-equipped office building in a thriving community.
Property profile
VerifiedCap rate & NOI
Current use
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Bank Loan Service
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Atm
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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