1821 Baltimore StKirksville, MO 63501

Property Details for 1821 Baltimore St

Year built

1960

Lot size

0.87 AC

Property size (Sq ft)

2,106 SF

Property type

Office buildings

APN

13-05.0-15-002-02-19.000

APU

13050150020219000

Description

This unique commercial property at 1821 S. Baltimore St., Kirksville, MO 63501, offers a compelling investment opportunity. Situated on a prominent corner lot with Highway 63 frontage, this property boasts ample parking and a substantial 108 x 350 foot lot, primarily paved with concrete. The building itself presents a versatile layout, ideal for multiple uses or a single expansive business. The front portion features a three-bedroom residence complete with a kitchen and basement, offering potential for owner-occupancy or rental income. Upstairs, two additional rooms and a bathroom provide further flexibility. The rear of the building currently functions as a showroom and workspace, but its previous configuration as garage stalls suggests adaptability for various automotive or industrial applications. The property's size and location make it suitable for a wide range of commercial ventures, from retail to light industrial, and its highway visibility ensures high traffic exposure. This is a rare opportunity to acquire a substantial property with significant potential in a thriving Missouri community. The property is zoned for commercial use and is ready for immediate occupancy. The asking price is $299,900.

• CAP approach

  CAP return

  Valuation

  6%

  $394,765

  6.5%

  $364,399

  7%

  $338,370

• Comparable approach

  Method

  Valuation

  Relative Method

  $164,184

  Geo Method

  $164,184

• Alternative Use

  Use

  Valuation

  Residential

  $451,855

  Hospitality

  $413,896

  Educational

  $344,357

  Medical

  $356,200

  Retail

  $535,666

Location Insight

City

Kirksville

County

Adair

State

Missouri

Latitude

40.1796

Longitude

-92.5712

CBSA code

28860

CBSA name

KIRKSVILLE, MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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