$550,000
( $110.00Per Sq Foot )
 $2,953 est/mo Sourced by Back At You

28 Wallace Ranch Road,Theodosia, MO 65761

Theodosia, MO 65761

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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!

Details

MLS #60320887
Listing TypeFor Sale
StyleOther
Building NameHometown Auto
Sub-TypeResale
StatusActive
Year1987
Days On Site155
Listing Provided BySho-Me Real Estate | Payton Watterson

Features

Bath(s)3
SQ Feet5,000
Acreage3.30

Interior

Cooling Yes / NoYes
CoolingWindow Units

Parking

Garage Yes / NoYes
Attached Garage Yes / NoNo
Parking FeaturesGravel

Taxes

Property746

Area Information

StateMO
CountyOzark
CityTheodosia
Zip Code65761
Listing VS Median (in 65761)
Price:
$550,000
low | high
Med:
$269,000
100% of Average
sqft:
5,000
low | high
Med:
1,528
100% of Average
$ / sqft:
$110
low | high
Med:
$178
11.642378938891% of Average
On site:
155
low | high
Med:
33.5
100% of Average
Sourced by Back At You

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Learn More About This Property

StateMO
CountyOzark
CityTheodosia
Zip Code65761
Listing VS Median (in 65761)
Price:
$550,000
low | high
Med:
$269,000
100% of Average
sqft:
5,000
low | high
Med:
1,528
100% of Average
$ / sqft:
$110
low | high
Med:
$178
11.642378938891% of Average
On site:
155
low | high
Med:
33.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $412K - $687K
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
28 Wallace Ranch Road Property Photo 1
$375,000
28 Wallace Ranch Road
Theodosia, MO 65761
Listing Updated: August 27, 2026 at 10:08:21 AM PDT