304 Locust St, Hillsboro, MO 63050-4346
This exceptional commercial investment property, located at 304 Locust Street in Hillsboro, Missouri, presents a compelling opportunity for savvy investors. The property sits on a 0.25-acre lot and encompasses approximately 7440 square feet, currently fully leased to three distinct tenants. The building boasts a diverse tenant mix, including a probation agency, a church, and a gym, ensuring a stable and diversified income stream. The probation agency occupies the top level, featuring multiple private offices, a waiting area, a conference/training room, three half-bathrooms, a break room, and storage space. The church is located on the middle lower level and includes a large meeting room, waiting area, several offices, a break room, and two half-bathrooms. The gym, situated in the corner lower level unit, offers two large open areas and one half-bathroom. Recent significant upgrades enhance the property's value and appeal, including new windows, a new HVAC unit, a roof less than five years old, and fresh exterior paint. The building enjoys a convenient Hillsboro location with ample street parking and proximity to local restaurants. All tenants are under current leases, providing immediate cash flow. Note that the square footage is approximate
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Fight Club Wrestling Academy (Bike/Boat/Book/etc) Store
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Christ's Church of Hillsboro Church
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
Property description
Physical attributes from public recordsZoning & alternative use
CT1 · Hillsboro, MOHillsboro. Always verify with local authorities before improvements.
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.