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Mixed-Use Land for Sale in Theodosia, Missouri

28 Wallace Ranch Rd, Theodosia, MO 65761

$595,000
3.3 acres
Active sale
$100k drop
Est $3,102/mo

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!

Sq feet
3
Full baths
1987
Built

Location

Street address
28 Wallace Ranch Rd
Zip code
65761
Elevation
884 feet
Coordinates
36.5846, -92.7064

Directions

From Theodosia, head West on Us-Hwy 160 aprox 1.5 miles property and sign on left.

Property details

Acreage
3.3 acres
MLS #
GSBOR 60320887
Posted

Property taxes

2025
$746

Parcels

  • 18-0.5-15-000-000-008.000

Details and features

Listing

Type
Residential

Structure

Heating
Wood
Cooling
Window Unit(s)
Roof
Metal

Interior

Rooms
Bathroom x 3

Property utilities

CategoryTypeStatus
PowerGridAvailable

Listing history

DateEventPriceChangeSource
May 20, 2026Price drop$595,000$100,000 -14.4%GSBOR
May 14, 2026New listing$695,000GSBOR
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This 3.3-acre property is located at 28 Wallace Ranch Rd in Theodosia, MO 65761. The property is available for sale, priced at $595,000. It has a structure built in 1987.

Listed by Sho-Me Real Estate, (417) 924-1307

Checked 2 hours agoUpdated

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