- 1946
- year built
- Status:
- Active
- MLS #:
- 26057043
- Neighborhood:
- none
- County:
- Lincoln
- Listed By:
- Les Ellison - Black & Associates, LLC
- Agent Phone:
- (636) 262-4592
- Agent Email:
- ellisonrealestate@gmail.com
Sponsoring Broker: Derek Eisenberg, Continental Real Estate Group, Inc
WHY RENT WHEN IT'S CHEAPER TO OWN?! Stop paying high-dollar rent and own your own building for so much less! high-traffic area with a central location! Located on main business corridor in Troy on Cherry Street & is ready to set up business with communication lines and plenty of rear parking area. Would be a great space for an insurance office, real estate office, spa or a hair salon, a clothing resale shop, or maybe a quaint little boutique, tattoo parlor ... whatever you want! This was formerly a hair salon and some of the infrastructure is still in place. Hardwood floors throughout. Full bathroom, no kitchen. Upper level, basement, and addition in the back offer additional space for storage or something else. this building sits across the street from the People's Bank & Trust, Casey's, and the Post Office, Lincoln County Farmers Mutual, Paige Law and more.
Highlights
- Commercial Sale
- Office
- Built in 1946
- 0.22 Acre Lot
- 62 days on Market
-
- Year Built
- 1946
-
- Stories
- 2.0
-
- Construction Materials
- Other
-
- Parking Features
- Paved, Asphalt, Open, Parking Lot, Lighted
-
- Cooling
- Central Air, Electric
-
- Heating
- Forced Air, Electric
-
- Acres
- 0.22
-
- Utilities
- Sewer Available, Electricity Available, Water Available, Phone Available
-
- Water
- Public
-
- Area
- 458 - Troy R-3
-
- County
- Lincoln
-
- City
- Troy
-
- Neighborhood
- none
-
- Zip Code
- 63379
-
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Price History
| 09/05/2026 | Listed | $308,800 |
| Source: MARIS MLS #26057043 | ||
| 08/13/2024 | Off Market | — |
| Source: MARIS MLS #24051061 | ||
| 11/22/2013 | Off Market | — |
| Source: MARIS MLS #13063180 | ||
Source: MLS Data
Deed History
| 05/20/2025 | Warranty Deed | $0 |
| 06/06/2014 | Warranty Deed | $0 |
Source: Public records via Constellation Data Labs
Mortgage History
| 05/20/2025 | Commercial | $154,000 |
| 10/19/2016 | Open End with Future Advance Clause / Open End Mortgage | $170,000 |
| 12/19/2007 | Conventional | $225,000 |
Source: Public records via Constellation Data Labs
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There are currently 59 properties available in Troy, with 10 under contract to close soon. Properties in the city have an average sale price of $374,987 and typically spend 73 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 541 E Cherry St?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 541 E Cherry St.
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How do I get more information about 541 E Cherry St?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $308,800. We can talk through recent upgrades, potential seller motivation, how this office compares to others in Troy, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 541 E Cherry St?
With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 541 E Cherry St at around $1,812. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 541 E Cherry St?
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Can I negotiate the asking price for 541 E Cherry St?
In most cases, yes. Whether 541 E Cherry St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Troy's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 541 E Cherry St?
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You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
How long has this property been on the market?
541 E Cherry St was listed on September 05, 2026, which means it's been on the market for 62 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1946, making it approximately 80 years old.
What is the lot size of this property?
541 E Cherry St sits on a 0.22-acre lot, which is 9,583 square feet.
What are the property taxes for 541 E Cherry St?
The most recent public record shows annual property taxes for 541 E Cherry St were approximately $1,653. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 541 E Cherry St still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Based on information submitted to the MLS GRID as of November 06, 2026 at 02:57AM. 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.
Source: MARIS MLS | MLS#: 26057043