3604 Mcmasters Avenue,Hannibal, MO 63401
Hannibal, MO 63401
Description
This 45 - 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 45-unit extended-stay property with a proven track record and strong market appeal.
Details
| MLS # | 26064691 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1935 |
| Days On Site | 24 |
| Listing Provided By | Compass Realty Group | Ryan Farber |
Features
| SQ Feet | 17,600 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 45 |
| Building(s) | 1 |
| Acreage | 0.52 |
Interior
| Cooling | Multi Units, Varies by Unit, Wall/Window Unit(s) |
|---|---|
| Heating | Electric |
| Appliances | Microwave, Free-Standing Refrigerator |
Exterior
| Construction Materials | Brick, Brick Veneer, Concrete, Frame, Glass, Other, Plaster |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
| Parking Features | Common |
Location
| Senior Community Yes / No | No |
|---|
Utilities
| Utilities | Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Ameren, Other |
Taxes
| Property | 19330 |
|---|
Area Information
| State | MO |
|---|---|
| County | Marion |
| City | Hannibal |
| Zip Code | 63401 |
| Area | Hannibal |
| Community Name | Shepherd Place |
| School District | Hannibal Sr. High |
| Elementary School | Veterans Elem. |
| High School | Hannibal Sr. High |
| Listing VS Median (in Shepherd Place) | |
Price: $1,500,000 low | high Med: $1,500,000 sqft: 17,600 low | high Med: 17,600 $ / sqft: $85 low | high Med: $85 On site: 24 low | high Med: 24 | |
Market Activity 63401
Request a showing
Request a showing
Listings courtesy of Maris MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of November 2, 2026 at 2:18:38 AM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
Contact
Learn More About This Property
| State | MO |
|---|---|
| County | Marion |
| City | Hannibal |
| Zip Code | 63401 |
| Area | Hannibal |
| Community Name | Shepherd Place |
| School District | Hannibal Sr. High |
| Elementary School | Veterans Elem. |
| High School | Hannibal Sr. High |
| Listing VS Median (in Shepherd Place) | |
Price: $1,500,000 low | high Med: $1,500,000 sqft: 17,600 low | high Med: 17,600 $ / sqft: $85 low | high Med: $85 On site: 24 low | high Med: 24 | |
Listings courtesy of Maris MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
