Located in the heart of historic downtown Hannibal, 403 Broadway presents an excellent mixed-use investment or owner-occupant opportunity. This versatile property features two upper-level residential apartments and a flexible commercial space on the main floor, offering the potential for multiple income streams. On the main level, the commercial space offers an open floor plan ready to suit a variety of uses. Whether you envision a retail storefront, café, office, studio, or boutique, this space provides the flexibility to bring your vision to life. It is currently vacant and ready to be leased for additional income or customized for an owner’s business needs. With strong street frontage on Broadway, the property enjoys excellent visibility and convenient access to downtown shops, restaurants, and local attractions. The upper levels include two separate apartments, both currently occupied by dependable, income-producing tenants, providing immediate cash flow from day one. The second-floor unit offers a two-bedroom, two full bathroom layout, providing strong rental appeal and functional living space. The third-floor unit features a spacious one-bedroom, two-bathroom layout with balcony access off the back—perfect for enjoying a private outdoor space. The kitchen is highlighted by a large quartz island with additional storage, overlooking the open living and dining area to create a functional and inviting layout. The third-floor unit also includes a tile walk-in shower and a soaking tub, adding a touch of comfort and luxury. Both apartments are equipped with in-unit laundry, increasing convenience and tenant desirability. With built-in rental income, commercial flexibility, and a prime location in one of Hannibal’s most recognizable downtown corridors, 403 Broadway is a strong opportunity for investors, entrepreneurs, or anyone looking to be part of the city’s vibrant business community.
Status: Active · MLS# 26013145 · Listing Courtesy of Christal Property Group, LLC, [email protected]
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0 Bed
0 Bath
0 sq.ft
$0 per sq.ft
$ 329,000
Active
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26013145
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City/Hannibal
Hannibal
Marion
Commercial Sale
Commercial Sale
$2,069
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 1215 Paris Avenue, Hannibal, MO 63401 | 2/1 | 1,668 | $129,000 | $126,870 98.3% of ask |
Oct 9, 2026 |
| 210 Stone Ridge Drive, Hannibal, MO 63401 | 3/2 | 1,407 | $282,000 | $276,000 97.9% of ask |
Oct 7, 2026 |
| 22 Hibiscus Lane, Hannibal, MO 63401 | 4/2 | 2,050 | $319,000 | $319,000 100% of ask |
Oct 6, 2026 |
| 608-610 Center Street, Hannibal, MO 63401 | 0/0 | 3,170 | $180,000 | $170,000 94.4% of ask |
Oct 6, 2026 |
| 114 S Arch Street, Hannibal, MO 63401 | 2/1 | 912 | $95,000 | $90,000 94.7% of ask |
Oct 2, 2026 |
| 917 Broadway, B, Hannibal, MO 63401 | 0/0 | -- | $1,200 | $1,200 100% of ask |
Oct 1, 2026 |
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This 43 - unit extended-stay hotel presents an excellent opportunity for an investor seeking an established, income-producing property with strong operational history. All rooms have received at least some updates, with select units featuring completely new furniture and appliances. The property has built a strong reputation among guests, reflected in consistently high reviews and positive feedback. Historically, the hotel has maintained high occupancy levels, demonstrating strong and sustained demand for extended-stay accommodations. In recent months, demand has been particularly strong, with the property reaching full occupancy and maintaining waiting lists during certain periods. The extended-stay model provides guests with the convenience and flexibility of longer-term accommodations while offering the owner potential for stable recurring revenue. The combination of updated units, strong guest satisfaction, and proven occupancy makes this property an attractive turnkey investment opportunity. With continued demand and additional opportunities to enhance select rooms, a new owner may have multiple avenues to further improve performance. This is a rare opportunity to acquire an established 40-unit extended-stay property with a proven track record and strong market appeal.
Located in the heart of historic downtown Hannibal, 403 Broadway presents an excellent mixed-use investment or owner-occupant opportunity. This versatile property features two upper-level residential apartments and a flexible commercial space on the main floor, offering the potential for multiple income streams. The upper levels include two separate apartments, both currently occupied by dependable, income-producing tenants, providing immediate cash flow from day one. The second-floor unit offers a two-bedroom, two full bathroom layout, providing strong rental appeal and functional living space. The third-floor unit features a spacious one-bedroom, two-bathroom layout with balcony access off the back—perfect for enjoying a private outdoor space. The kitchen is highlighted by a large quartz island with additional storage, overlooking the open living and dining area to create a functional and inviting layout. The third-floor unit also includes a tile walk-in shower and a soaking tub, adding a touch of comfort and luxury. Both apartments are equipped with in-unit laundry, increasing convenience and tenant desirability. On the main level, the commercial space offers an open floor plan ready to suit a variety of uses. Whether you envision a retail storefront, café, office, studio, or boutique, this space provides the flexibility to bring your vision to life. It is currently vacant and ready to be leased for additional income or customized for an owner’s business needs. With strong street frontage on Broadway, the property enjoys excellent visibility and convenient access to downtown shops, restaurants, and local attractions. With built-in rental income, commercial flexibility, and a prime location in one of Hannibal’s most recognizable downtown corridors, 403 Broadway is a strong opportunity for investors, entrepreneurs, or anyone looking to be part of the city’s vibrant business community.
Located in the heart of historic downtown Hannibal, 403 Broadway presents an excellent mixed-use investment or owner-occupant opportunity. This versatile property features two upper-level residential apartments and a flexible commercial space on the main floor, offering the potential for multiple income streams. On the main level, the commercial space offers an open floor plan ready to suit a variety of uses. Whether you envision a retail storefront, café, office, studio, or boutique, this space provides the flexibility to bring your vision to life. It is currently vacant and ready to be leased for additional income or customized for an owner’s business needs. With strong street frontage on Broadway, the property enjoys excellent visibility and convenient access to downtown shops, restaurants, and local attractions. The upper levels include two separate apartments, both currently occupied by dependable, income-producing tenants, providing immediate cash flow from day one. The second-floor unit offers a two-bedroom, two full bathroom layout, providing strong rental appeal and functional living space. The third-floor unit features a spacious one-bedroom, two-bathroom layout with balcony access off the back—perfect for enjoying a private outdoor space. The kitchen is highlighted by a large quartz island with additional storage, overlooking the open living and dining area to create a functional and inviting layout. The third-floor unit also includes a tile walk-in shower and a soaking tub, adding a touch of comfort and luxury. Both apartments are equipped with in-unit laundry, increasing convenience and tenant desirability. With built-in rental income, commercial flexibility, and a prime location in one of Hannibal’s most recognizable downtown corridors, 403 Broadway is a strong opportunity for investors, entrepreneurs, or anyone looking to be part of the city’s vibrant business community.
