322 W Madison Street Bolivar, MO 65613

1,600 sqft
0.82 acres

$289,900

MLS#60322844
Active

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 Bldg 6-10x28 6- 8x10 #2 Bldg 7- 8x10 1- 8x8 4- 10x10 If you're looking for a property that combines stability, cash flow, and upside, this one checks all the boxes.

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Listing Information

Foreclosure/Short Sale: No
List Price/SqFt: $181.19
Transaction Type: Sale

Building Information

Year Built: 1991

Location/Region

County Or Parish: Polk

Tax Information

Inside City Limits: Yes
RE Tax Provided By: Assessor Records
Tax Annual Amount: $1,384.10

General Information

Construction Status: Existing
Parcel Number: 89110111001001006000
Property Sub Type: Other
Property Type: Commercial Sale

Building Information

SqFt: Office Space: 196.0
SqFt: Retail Space: 2048.0
SqFt: Warehouse: 1992.0

Parking Information

Garage: No

Beds/Baths

Bathrooms Total: 2

Building Interior

Building Area Total: 1600.0

General Information

Parking Information

Parking Features: 1-5 Spaces,Gravel,Parking Area,Private Drive,Shared Drive
Parking: 1-5 Spaces: Yes
Parking: Gravel: Yes
Parking: Parking Area: Yes

Lot Information

Lot Size Acres: 0.82
Lot Size Area: 0.82
Lot Size Square Feet: 35719.2
Lot Size Units: Acres

Waterfront/View

General Property Description: Lake/River: None
Water Body Name: None
Waterfront View: None
Waterfront: No

Building Exterior/Construction

Attached Garage: No

General Information

Utilities: Public Sewer,Public Water
Utilities Available: Electric: Yes
Utilities Available: Public Sewer: Yes
Utilities Available: Public Water: Yes

Bolivar

Bolivar, MO, boasts a blend of small-town charm, economic opportunity in healthcare, education, and business, and a strong sense of community.

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Life at 322 W Madison Street

Schools

School data courtesy of LiveBy, Inc. Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Owning this Home

Estimated Monthly Cost

Price

Down Payment

$ %

Loan Length (years)

Interest Rate

*Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.