About This Home

This 0-bedroom, 0-bathroom commercial at 1007 Franklin Avenue in Lexington, MO is listed for $159,000. Built in 1880, on a 0.06 acres lot.

Key Features

  • Built in 1880
  • 0.06 acre lot
  • 2 stories

Property Details

2 stories
1880
Listing Description

A Downtown Lexington Opportunity Full of Possibilities! If you're looking for a property that offers character, flexibility, and the potential for multiple income streams, take a closer look at 1007 Franklin Avenue. This distinctive two-story, approximately 2,400 sq ft commercial building is located in the heart of Downtown Lexington and is ready for its next chapter.

Formerly home to a restaurant, the main level offers a flexible layout with plenty of potential for a restaurant, retail shop, professional office, event space, or a business of your own. The existing kitchen setup, including an exhaust hood, gives the space a head start for a future food-service concept.

Upstairs, the second-floor apartment opens the door to additional possibilities: generate rental income, create an owner-occupied space, or incorporate it into your overall business plan. Add in basement storage with a walkout, and you have even more functional space to work with.

A newer AC system adds to the property's appeal. At the same time, the combination of commercial space, an apartment, basement storage, and a prime downtown location creates an opportunity to explore multiple income streams under one roof. Whether you have a business dream, an investment strategy, or simply a vision for breathing new life into a downtown property, 1007 Franklin Avenue is ready for its next opportunity. Bring your ideas and see what you can create in the heart of historic Lexington!

Monthly Cost Estimate

$850/mo

20% down · 6.5% · 30 years

Principal$115
Interest$689
Insurance$46

Estimates only. Actual payments may vary.

Location

1007 Franklin Avenue

Lexington, MO 64067

Features & Amenities

Interior Features

StorageIn-Law FloorplanPrivate RestroomPublic Restroom

Property Details

Parking

On Street

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1007 Franklin Avenue is listed at $159,000. The estimated monthly payment is $850 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1880, 0.06 acre lot, 2 stories. Interior Features: Storage, In-Law Floorplan, Private Restroom.

This property is listed by Larry Thomas and can be reached at 8168392209.

LT

Larry Thomas

Agent at Keller Williams Realty Platinum Partners

(816) 839-2209
Agent website

Listed by Keller Williams Realty Platinum Partners · Broker phone: (816) 525-7000 · Broker website

MLS# 2644124· Source: Heartland Multiple Listing Service· 14 days on PropertySimple

Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1007 Franklin Avenue, Lexington, MO 64067

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