220 Main StCape Girardeau, MO 63701

  • Commercial land
  • 0.82 AC
For Sale
$1,200,000 View listing

Property Details for 220 Main St

Lot size
0.82 AC
Property type
Commercial land
APN
211070012001000000
APU
211070012001000000

Description

This exceptional commercial property presents a rare opportunity to develop a landmark project in the heart of Cape Girardeau, Missouri. Located at 220 N Main Street, this expansive 266' x 134' lot boasts stunning riverfront views and a rich historical context. The asking price is $1,200,000. Its prime downtown location offers unparalleled visibility and accessibility, making it ideal for a diverse range of commercial ventures. Envision a boutique hotel capitalizing on the picturesque river views, a modern multi-level parking garage addressing the city's parking needs, or a vibrant mixed-use development incorporating retail and office spaces. The possibilities are vast, catering to the growing demand for commercial space in this thriving Missouri city. The property's size and location provide ample space for a substantial development, allowing for creative architectural designs and significant return on investment. This is a unique chance to contribute to the ongoing revitalization of downtown Cape Girardeau while securing a valuable asset in a desirable location. The property is zoned for commercial use and is ready for immediate development. Don't miss this exceptional opportunity to acquire a piece of Cape Girardeau's vibrant downtown. The property is situated in Cape Girardeau County, Missouri, with a zip code of 63701.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,311,319
    Hospitality
    $8,529,118
    Educational
    $7,096,126
    Medical
    $7,340,173
    Retail
    $11,038,419

Location Insight

City
Cape Girardeau
County
Cape Girardeau
State
Missouri
Latitude
37.3069
Longitude
-89.5178
CBSA code
16020
CBSA name
CAPE GIRARDEAU-JACKSON, MO-IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,561
$25,000
-
$25,000
-
$78,120
-
$78,120

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