114 Main StHillsboro, MO 63050

Property Details for 114 Main St

Year built

1965

Lot size

0.51 AC

Property size (Sq ft)

2,772 SF

Zone code

CT1

Property type

Office properties

APN

17-2.0-03.0-1-002-015.

APU

17200301002015

Description

This exceptional commercial property, located at 114 Main St, Hillsboro, MO 63050, offers 2,772 square feet of traditional office space in a single-story building. Situated on a substantial 22,216-acre lot, this Class B building boasts a prime location directly across from City Hall and just one block from the courthouse. Built in 1920 and renovated in 2014, the property features a spacious reception area, six private offices, a conference room, two bathrooms, a kitchenette, and ample storage. The property is zoned for commercial use and has a Jefferson County APN of 17-2.0-03.0-1-002-015. The building is comprised of two suites available for multiple tenancy. Taxes are $3,201 per square foot. The property is easily accessible via Business 21. A minimum three-year lease is required. This is an ideal location for professional office use. The property's address is 114 Main St, Hillsboro, MO 63050.

• CAP approach

  CAP return

  Valuation

  6%

  $633,620

  6.5%

  $584,880

  7%

  $543,103

• Comparable approach

  Method

  Valuation

  Relative Method

  $216,105

  Geo Method

  $216,105

• Alternative Use

  Use

  Valuation

  Residential

  $725,252

  Hospitality

  $664,326

  Educational

  $552,712

  Medical

  $571,720

  Retail

  $859,774

Location Insight

City

Hillsboro

County

Jefferson

State

Missouri

Latitude

38.2318

Longitude

-90.5614

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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