Property Description

Build your business. Grow your portfolio. Plant your roots in Downtown Washington, MO.The Schroeder Building at 203 Elm Street offers TEN units and 11,847 total square feet in the heart of one of Missouri's most active and recognized downtown districts. Income from day one.A building that remains a memory for many locals and holds a rich history in the Downtown Washington District. The building has been extensively renovated, keeping some historic charm while giving it a modern spin. Three ground-floor commercial suites anchor the building. Suite 100 is 2,650 SF. Suite 100A is 2,250 SF. Suite 101 is 2,100 SF with a multi-office floor plan and a ground-floor address on Elm Street. Seven fully occupied one-bedroom apartments sit above, ranging from 635 to 812 square feet, and rent from $850 to $920 per month. All apartment leases carry automatic 12-month renewal provisions. The residential side runs itself.2025 net operating income was $70,299. Full financial package available on request. All appliances are included with the sale.Washington is the largest city in Franklin County, home to more than 15,000 residents and growing. Over 60 industries operate here. The city serves as the retail, medical, and banking hub for the entire county. Downtown Washington is a Main Street America-accredited district with year-round foot traffic to back it up. Art Fair and Winefest draw visitors from across the Midwest every spring. WashMo BBQ and Bluesfest, Sunset on the Riverfront, the Fall Festival of the Arts, and the Holiday Parade of Lights. The calendar stays full. The streets stay busy. This building sits in the middle of all of it.Suite 101 is vacant and ready. Professional office, financial services, legal, wellness, title, creative agency. The floor plan is multi-office today. The right occupant makes it their own. City occupancy inspection passed in December 2025. Zoned C-3. This opportunity doesn't come up often for the public. Let's make your business bloom! Make this your investment property TODAY. PLEASE DO NOT DISTURB TENANTS.

Property Features