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Property profile & analytics
OFF-MARKET
Medical Office Space

227 Main St Festus, MO 63028

28,000 SF Built 1924
Property ID
US48-1228250
Property summary
AI-generated overview

This exceptional 28,000 square foot office building, located at 227 East Main Street in historic Festus, Missouri, presents a unique owner-user opportunity. Built in 1924 and recently renovated, this three-story building boasts a prime location directly across from Main & Mill Streets, surrounded by thriving restaurants, salons, and retail stores. The ground floor, accessible from Main Street, offers approximately 8,000 square feet of space with 9-foot ceilings, a preserved period storefront and ceilings, and a fully sprinklered system. Currently configured as office space, it offers significant potential for conversion to other uses. The second and third floors each provide approximately 10,000 square feet, with the second floor enjoying 11-foot ceilings and ground-level access from Mill Street. These upper floors currently house offices, large meeting rooms, and a cafeteria with a commercial kitchen. An existing freight elevator shaft offers the possibility of installing a modern elevator system. The property also includes a private parking lot with capacity for over 75 vehicles. The building sits on a 13,504 square foot lot and is zoned CT1. This is a rare chance to acquire a substantial, versatile property in a vibrant downtown location. The asking price is $799,900. Occupancy is anticipated by March 31, 2025.

Property profile
Verified
Property type Medical Office Space
Year built 1924
Total area 28,000 SF
UPID US48-1228250
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
  • Compass Health Network Administrative Office Business Administration Service Community Health Centre
  • Megan Andert Foster Care Service Social Service Agency
  • Heather Counts Foster Care Service Social Service Agency
  • Tim Fasnacht Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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