28
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$289,900
Est. payment /mo
2 Baths
0.82 Acres Lot
New
322 W Madison ST Bolivar, MO 65613
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID SOM60322844
Full Baths 2
Year Built 1991
Annual Tax Amount $1,384
Tax Year 2025
Lot Size 0.820 Acres
Acres 0.82
Property Sub-Type Other
Source somo
Property Description
This versatile investment property offers immediate income and long-term upside, all tucked into a quiet residential setting near Cribbs Park and local school. The property features a mixed-use complex that includes a duplex, a commercial warehouse, and 24 storage units, generating multiple revenue streams from day one.Currently, the duplex, warehouse, and storage units are all leased, with storage running at approximately 90% occupancy. This strong in-place income allows the property to cash flow immediately upon purchase, making it an attractive option for both seasoned investors and those looking to step into a stabilized asset.Beyond the existing performance, there is clear value-add potential. Increase rents to market rates, expand the storage footprint with additional units, or reposition the property entirely to fit a new business model. The flexible layout and location within a growing residential area provide multiple paths to maximize returns.storage unit sizes #1 Bldg6-10x286- 8x10#2 Bldg7- 8x101- 8x84- 10x10If you're looking for a property that combines stability, cash flow, and upside, this one checks all the boxes.
Location
State MO
County Polk
Area 1600
Direction From Bolivar quare, Broadway to Clark, left onto clark, Left onto Madison
Interior
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features Gravel, Shared Driveway, Private, Parking Area, 1-5 Spaces
Utilities Available Sewer Available, Electricity Available, Water Available
Waterfront Description None
Roof Type Composition,Metal
Building
Lot Description Level
Listed by Robert M Partin Partin Roweton, LLC
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