227 Main St Festus, MO 63028
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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.