2705 Market St Hannibal, MO 63401-4565
This exceptional 2.61-acre commercial land parcel presents a unique investment opportunity in the vibrant city of Hannibal, Missouri. Situated at 2705 Market Street, this property boasts a highly desirable location within the city's core. Previously utilized as a mobile home park, the land has been completely cleared and is ready for immediate development, aligning perfectly with a buyer's vision. A significant portion of the acreage is comprised of gravel, providing a solid foundation for various construction projects. While a portion of the grassy area falls within the floodplain, the majority of the land offers ample buildable space. The presence of existing utilities on-site simplifies the development process, minimizing upfront infrastructure costs. This property offers significant potential for a wide range of commercial ventures, from retail and industrial uses to hospitality and more. The asking price of $100,000 represents an exceptional value for a commercial land holding of this size and location in Hannibal. Don't miss this chance to acquire a strategically located commercial property with significant upside potential. The property's cleared state and existing utilities make it an attractive option for developers seeking a quick start on their next project. This is a rare opportunity to secure a substantial commercial land parcel in a thriving Missouri community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.