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    OFF-MARKET
    Investment properties

    421 Main St, Troy, MO 63379-1248

    1,920 SF 0.07 ac lot Built 1925
    Individually Owned 10-yr Hold Free & Clear
    Property ID
    US48-1250680
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1925
    Total area 1,920 SF
    Lot 0.07 ac (2,875 SF)
    APN 15-70-26-004-021-002.000
    UPID US48-1250680
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Christopher Mennemeyer · 10 yrs held
    Christopher Mennemeyer
    since 2016
    2 recorded transactions
    2016
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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