902 Grand StGallatin, MO 64640

Property Details for 902 Grand St

Year built

1946

Lot size

0.40 AC

Property size (Sq ft)

920 SF

Property type

Retail space

APN

15-4.2-19-1-02-01

APU

15421910201

Description

This exceptional 1-story executive office building, situated on a 0.39-acre lot at 902 W Grand Street in Gallatin, Missouri, presents a fantastic investment opportunity. Built in 1960, this property boasts a recent comprehensive renovation, including a new HVAC system, roof, interior doors, fresh paint, updated flooring, and modern windows. The building's excellent condition ensures immediate occupancy and minimal upfront maintenance costs. Its location in a high-traffic area of Gallatin (zip code 64640) provides exceptional visibility and accessibility for any business. The versatile layout is ideal for a variety of office uses, and its adaptable design allows for easy conversion to suit diverse business needs, potentially including retail applications. The asking price is $59,000. This is a rare chance to acquire a move-in ready commercial property in a desirable location. The property was previously listed but is back on the market due to circumstances unrelated to the property itself. Don't miss this chance to own your own business space.

• CAP approach

  CAP return

  Valuation

  6%

  $253,505

  6.5%

  $234,004

  7%

  $217,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $180,742

  Geo Method

  $180,742

• Alternative Use

  Use

  Valuation

  Residential

  $197,391

  Hospitality

  $180,809

  Educational

  $150,431

  Medical

  $155,605

  Retail

  $234,004

Location Insight

City

Gallatin

County

Daviess

State

Missouri

Latitude

39.914

Longitude

-93.9711

Property Tax & Assessments

FAQs

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