DOWNTOWN CAPE BUILDING SOLD FOR NEW ANTIQUE MALL

45 N. Main - Cape Girardeau, MO

Historic downtown Cape Girardeau will have a new antique mall opening in the very near future.  One of the largest available buildings on Main Street has been sold to Maever's Investment Corporation.  Plans are to use the two level 15,000 square foot building to house a new antique mall.

Tom Kelsey, commercial real estate broker for Lorimont Place, Ltd. handled the recent sale. Previous owner of the property was Downtown Investment Corporation headed by David Knight. Kelsey said the building built in the late 1950's had been used as a Sterling's variety store, later a gymnastic operation and most recently as a furniture store.

The Maever's family, who are also involved in several regional Save-a- Lot Stores have immediate plans to convert the building into one of Cape's largest antique malls.  The location is ideal with it's closeness to other downtown antique shops and arriving riverboats who frequently make a port stop here.  

The entire downtown area is being transformed into an entertainment, retail, antique and restaurant district.  Recently opened Ragsdale's on the River, just down the corner is the only micro-brewery operation between St. Louis and Memphis.  Kelsey said demand for downtown property suitable for these uses are increasing.