Great investment property. This property is the old Farmers and Merchants bank building built in 1917. The property is a centerpiece of town and is on the National Register of Historic Places. The two-story structure is two stories consisting of 7 residential rental and potentially 3 commercial sites. The wedge-shaped, flatiron building has an impressive main entrance covered in glazed terracotta tile with a granite base. The building a two-part commercial clad in tapestry brick. Opportunities abound for income production for the 7 rental units, served by a common laundry, and the 3 commercial possibilities. There are 5 one-bedroom unit, and 2 two-bedroom units, all but one are rented. South end of main level is rented to a business. Increased Mark Twin Lake traffic only adds to the appeal of this property. One of the previous occupants used this as a saloon, and the end unit would be perfect for a restaurant and an unfinished area that could serve as the kitchen area.
Lot & Building Features
ConstructionConventional
CoolingElectric
HeatingForced Air
Parking DescriptionNone, Other
SewerPublic Sewer
Tax Year2023
WaterPublic
Lot Dimensionsirr.
Price History of 203 South Main, Monroe City, MO
Date
Name
Price
Difference
12/23/2024
Price Adjustment
$349,000
2.79%
08/23/2024
Listing Price
$359,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
203 South Main (MLS #24050809) is a commercial listing located in Monroe City, MO.
This commercial listing is 7,608 sqft and on a lot of 4,574 sqft (or 0.11 acres) and is 107 years old. This property was listed on 08/23/2024 and has been priced for sale at $349,000.
Nearby zip codes are 63461. This property neighbors other cities such as Monroe and Palmyra.
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Listing information courtesy of: Hannibal Realty LLC
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