10%+ Cap Potential | Mixed-Use | 2 Large Apartments + Retail + Garage + Massive Basement --- Unique, historical commercial/residential multi-use property in prime location on Main Street in Higginsville, MO. Spacious main-level commercial space & two separate 3-bedroom apartments upstairs with separate entrances. Massive garage approx 4 car. Additional attached commercial space. This property blends timeless craftsmanship with modern ROI potential. (* Pro Forma Available Upon Request *) Property Highlights: * Street-level retail/commercial space (previously rented at $1,500/month) * Two spacious 3-bedroom apartments on the upper level * Four-car garage at rear - ideal for storage, contractor use, or additional rental income * Full basement currently used as workshop/storage Central location in downtown Higginsville * Investment Summary (Conservative Estimates): * Retail: $1,500/month - main space * Retail: $300/month - attached building * Apartments: $1,250/month each * Garage/storage potential adds additional upside * Basement - currently massive workshop Strong yield for investors seeking cash flow in a low-price entry market. At the current asking price, the property offers approximately 9% cap rate potential, with multiple paths to value creation through leasing, owner-use, or hybrid occupancy. This asset is well-suited for: * Small investors seeking yield * Owner-users looking to offset occupancy costs * Buyers relocating from higher-priced metro markets Seller is motivated. Priced to sell and represents one of the most compelling mixed-use opportunities in the region.
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Walk Score
Transit Score
Bike Score
Loading...
Data Provided by ATTOM Data®
Arrows indicate 90 day trend
Loading...
Estimated Payment:
| Principle & Interest | |
|---|---|
| Taxes | |
| Insurance |