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28 Wallace Ranch Road, Theodosia, MO 65761

$579,000
  • 28 Wallace Ranch Road, Theodosia, MO 65761 Main Photo

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Active Price Reduced $16,000 on July 8th, 2026
SQUARE FEET5,000 MLS#60320887
STATUSActive PROPERTY TYPECommercial - Business

Property Description

Commercial Investment Property with Home & Expansion Land Near Bull Shoals Lake!Exceptional income-producing property offering multiple revenue streams and outstanding growth potential. This unique opportunity includes a leased commercial building generating steady rental income, a separate residential home that can be owner-occupied, rented long-term, or operated as a short-term vacation rental/Airbnb, plus additional cleared acreage ready for expansion.Located on a highly visible main roadway just minutes from Bull Shoals Lake, this property offers excellent accessibility and exposure. The open, cleared land provides opportunities for additional homes, cabins, storage units, commercial development, or other income-producing ventures.Whether you're seeking an absentee investment property with established revenue, a live-work opportunity, or a property with room for future development, this versatile offering checks all the boxes. Property Highlights include: Leased commercial building providing rental income, separate residential home for owner occupancy, rental, or Airbnb use., strong income potential from multiple sources, Additional cleared acreage for expansion or new construction, High-visibility location on a main road, Minutes from Bull Shoals Lake and recreational attractions, Ideal for investors or owner-operators, Opportunity for future development and increased revenue. A rare chance to own a versatile investment property with immediate income and significant upside potential. Come take a look today!

28 Wallace Ranch Road | MLS# 60320887

This commercial property located at 28 Wallace Ranch Road, Theodosia, MO 65761 is currently listed for sale with an asking price of $579,000. Search Theodosia real estate on www.merchantofmo.com today.

Property Features

Property Type: Commercial - Business
Cooling: Window Units
Heating: Wood
Lot Size: 3.30 Acres
Roof Type: Metal
Taxes: $746
Year Built: 1987

Feature Descriptions

Body of Water: None
Days on Site: 89
Parcel#: 18-0.5-15-000-000-008.000
Parking: Gravel
Parking Notes: Gravel
Utilities: Septic Tank, Water Well

Listed By / Shown

Listed By

Agency Name: Sho-Me Real Estate

Shown By

Agent Name: The Merchant Team
Agent Phone:
Agency Title: Trophy Properties & Auction

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