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Adaptive Repurpose in Opportunity Zone 111 W College Ave 30,000 SF Specialty Building Online Auction Sale Shelbina, MO 63468
Investment Highlights
- 111 W College Avenue is a 6-acre site improved by a 30,000-square-foot, single-story, former elementary school with a 223 by 50-foot asphalt pad.
- Rare investment opportunity to acquire an expansive property with endless adaptive repurpose potential, catering to a wide variety of uses.
- Shelbina, Missouri, notoriously offers affordability, leading to a stable return on investment throughout the tight-knit community and economy.
- 1 mile from the Chicago-Kansas City Expressway/Highway 36, a major corridor connecting the two midwestern cities; also in an Opportunity Zone.
- 17 classrooms, a gymnasium/cafeteria, multiple public and private restrooms, private offices, a new boiler system, and A/C comprise the building.
- Absolute auction | Starting bid $1.
Executive Summary
Retained exclusively by ownership, the Century 21 Broughton Team proudly presents a multifaceted investment opportunity: the acquisition of a 6-acre parcel of flat land with a 30,000-square-foot vacant and adaptable facility on-site. This asset is ideal for an investor seeking a cost-effective, high-yield opportunity supported by Shelby County's Opportunity Zone tax incentives.
Located just off the town’s main thoroughfare along Center Street, the surrounding demand drivers include Casey’s Convenience Store, USPS, H&R Block, Family Dollar, Subway, and Pizza Hut. Roughly 2,000 daily passing vehicles travel along the Center Street corridor, while more than 3,500 daily vehicles travel along the Chicago-Kansas City Expressway.
The Hannibal Regional Medical Hospital is adjacent to the property, further driving traffic and visibility. Major employers of Shelbina include Cerro Flow Productions LLC, an industrial manufacturer (1 mile), ADM, a local agricultural hub (0.5 miles), and United States Bank, a regional financial institution (0.3 miles).
The subject’s 10-mile demographics confirm an average household income shy of $70,000 and an annual consumer spending power exceeding $42.1 million. Food and beverage, transportation and maintenance, and entertainment and hobbies generate the three largest spending subsets, while the household subset is not far behind.
Manufacturing, education and health services, and trade transportation and utilities report the realm’s three largest daytime employment counts, with public admiration in a close following. 111 W College Avenue offers an investment opportunity to drive demand for Shelbina’s largest employment sectors and contribute to the local economy by repurposing the former school's infrastructure.
Property tours are by appointment only. Please contact the listing broker to schedule.
Located just off the town’s main thoroughfare along Center Street, the surrounding demand drivers include Casey’s Convenience Store, USPS, H&R Block, Family Dollar, Subway, and Pizza Hut. Roughly 2,000 daily passing vehicles travel along the Center Street corridor, while more than 3,500 daily vehicles travel along the Chicago-Kansas City Expressway.
The Hannibal Regional Medical Hospital is adjacent to the property, further driving traffic and visibility. Major employers of Shelbina include Cerro Flow Productions LLC, an industrial manufacturer (1 mile), ADM, a local agricultural hub (0.5 miles), and United States Bank, a regional financial institution (0.3 miles).
The subject’s 10-mile demographics confirm an average household income shy of $70,000 and an annual consumer spending power exceeding $42.1 million. Food and beverage, transportation and maintenance, and entertainment and hobbies generate the three largest spending subsets, while the household subset is not far behind.
Manufacturing, education and health services, and trade transportation and utilities report the realm’s three largest daytime employment counts, with public admiration in a close following. 111 W College Avenue offers an investment opportunity to drive demand for Shelbina’s largest employment sectors and contribute to the local economy by repurposing the former school's infrastructure.
Property tours are by appointment only. Please contact the listing broker to schedule.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Property Facts
| Sale Type | Investment | Lot Size | 6.00 AC |
| Sale Condition | Auction Sale | Building Size | 30,000 SF |
| Type of Ownership | Fee Simple | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1957 |
| Property Subtype | Schools | Parcel Number | 021-15-03-05-001-05-01.03 |
| Building Class | C | ||
| Zoning | NEC - Commercial | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | C |
| Lot Size | 6.00 AC |
| Building Size | 30,000 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Zoning | NEC - Commercial |
| Parcel Number | 021-15-03-05-001-05-01.03 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Sale Advisor
Sale Advisor
Aaron Peters
Aaron Peters is a dedicated real estate professional with Century 21, serving clients throughout the greater Hannibal, Missouri area. He is known for his strong communication skills, client-first approach, and commitment to delivering a smooth and efficient transaction experience.
Aaron specializes in residential sales and leverages innovative marketing strategies, including social media exposure, to maximize visibility for his listings. His expertise in negotiation and attention to detail help clients achieve their real estate goals with confidence.
Recognized for his service and performance, Aaron has earned industry awards and consistently receives high client satisfaction ratings.
With a reputation for professionalism, energy, and reliability, Aaron Peters is committed to guiding buyers and sellers through every step of the process.
Aaron specializes in residential sales and leverages innovative marketing strategies, including social media exposure, to maximize visibility for his listings. His expertise in negotiation and attention to detail help clients achieve their real estate goals with confidence.
Recognized for his service and performance, Aaron has earned industry awards and consistently receives high client satisfaction ratings.
With a reputation for professionalism, energy, and reliability, Aaron Peters is committed to guiding buyers and sellers through every step of the process.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 2016002032
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Adaptive Repurpose in Opportunity Zone | 111 W College Ave
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