421 Main St, Troy, MO 63379-1248
This exceptional commercial property, located at 421 Main Street in historic Troy, Missouri, presents a unique investment opportunity. The beautifully renovated building, situated on a 0.07-acre lot, offers 400,000 USD in value. Currently configured as a single commercial space, its adaptable design allows for easy conversion back into two separate units, maximizing rental income potential or providing space for expansion. The property boasts a wealth of modern upgrades while retaining its historic charm. Recent renovations include new flooring, upgraded electrical systems, a completely new ductwork system, elegant crown molding, and updated lighting fixtures. Two storefront windows, enhanced by new awnings, provide excellent street visibility. The interior features a custom-built cash wrap, ample shelving, mirrors, two dressing rooms, and stunning chandeliers. One side includes a full bathroom and a sizable rear area suitable for storage or a dining space. The other side offers a half-bathroom and a small kitchen area. A spacious upstairs area presents the possibility of creating a loft apartment or additional office space. The property also includes the convenience of private parking in the rear for owners or tenants. With all major renovations already completed, this turnkey property is ready for immediate occupancy and offers significant return on investment. This is a rare chance to acquire a meticulously updated commercial space in a desirable historic location.
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
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.