315 Russell St Ironton, MO 63650

This unique 1.41-acre property located at 315 W Russell Street, Ironton, MO, presents a compelling investment opportunity. The former Ironton Hospital, constructed around 1925 with additions in the 1960s, offers a substantial building with a rich history. Originally boasting approximately 35 rooms, the hospital ceased operations around 1975. The building's granite exterior, concrete floors and walls, and a former commercial kitchen in the basement are notable features. A chapel is located on the third floor. The property's size and unique character lend themselves to a variety of redevelopment possibilities, including but not limited to apartments, an event center, an antique mall, or a restaurant. However, prospective buyers should be aware that the property requires extensive renovations. Significant issues exist, including the presence of construction debris and asbestos in the basement, necessitating careful consideration and planning. Potential buyers are strongly advised to bring flashlights and exercise caution during inspections. Financial prequalification or proof of funds is required before scheduling a viewing. The asking price for this substantial property is $205,000.