Property summary
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
VerifiedCap rate & NOI
Current use
-
Business Administration Service Community Health Centre
-
Foster Care Service Social Service Agency
-
Foster Care Service Social Service Agency
-
Foster Care Service Social Service Agency
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
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight