315 Russell St Ironton, MO 63650

Property Details for 315 Russell St

Year built

1925

Lot size

1.41 lot acres

Property size

15,520 SF

Property type

Commercial real estate

Description

This unique 15,520-square-foot property, located at 315 W Russell St in Ironton, Missouri, presents a compelling investment opportunity. Built circa 1925, this former hospital boasts a rich history and substantial size, situated on a 1.41-acre lot. Originally featuring 35 rooms and later expanded in the 1960s, the building is constructed primarily of granite with concrete floors and walls. While requiring significant renovation, the property offers immense potential for adaptive reuse. Features include a former commercial kitchen in the basement and a third-floor chapel. The building's historical character and expansive footprint lend themselves to a variety of uses, including apartments, a banquet center, an antique mall, or a restaurant. Buyers should be aware that the property contains construction debris and requires major repairs and updates. Asbestos is present in the basement. All potential buyers must be pre-qualified or provide proof of funds. The asking price is $205,000, translating to $13.21 per square foot. This is a truly unique opportunity to acquire a piece of Ironton's history and transform it into a thriving commercial venture. The property's size and location in Iron County, Missouri (zip code 63650), offer significant upside for the right investor.