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    102 Ohio St W Butler, MO 64730

    For Sale
    $1,500,000

    Business - Butler, MO

    Type:Business
    Lot size:
    0.23 Acres
    Days on Market:
    50
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 102 Ohio St W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    Y
    APN
    13-05.0-22-010-030-001.000
    Parking features
    On Street
    Interior features
    Elevator
    Accessibility
    Accessible Elevator Installed
    Lot size
    0.23 Acres

    Building Details

    Year built
    1906
    Floors in Building
    3
    Architectural style
    Other

    Keller Williams Realty Diamond Partners Inc. (913) 322-7500 [email protected]

    Listing agent Jeannette England (913) 322-7500 License #SP00239541

    Listing date Oct 17, 2025

    MLS# 2459451 Listing URL

    Copyright © 2025 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.

    Overview

    Historic Hotel and Restaurant Opportunity

    This property presents an opportunity to own the Pennell Hotel and Restaurant. The building offers potential for various business ventures, including a restaurant and bar, or a venue for weddings and meetings. Currently, a business renter occupies the main floor, generating monthly income, with space available for additional renters. The second floor features nine hotel rooms, rented to traveling nurses, construction workers, hunters, and other travelers, offering amenities such as a living room, full kitchen, and bedroom. Although the restaurant was last operated in 2022, the kitchen remains fully intact. The property includes an original 'speakeasy' bar. Original ceramic floors and a grand staircase are present upon entry. The third floor, while requiring renovation, is suitable for office space or a second venue. The property is located in Butler, Missouri, in Bates County. The lot size is approximately 0.2296 acres. The building may be eligible for grants to assist with repairs for those wishing to have the building declared a National Historic Preservation site. An additional parking space and building northwest of the property are available for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Pennell Hotel & Restaurant American Restaurant The Pennell Hotel Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Butler
    County
    Bates
    State
    Missouri
    Longitude
    -94.333439
    Latitude
    38.258773

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    FAQs

    What type of property is this?
    Hotel - Unique investment opportunity: hotel, restaurant, bar, and venue.
    Where is this hotel located?
    The property is located at 102 Ohio St W Butler, MO.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Income-generating property with existing business renter and 9 rentable hotel rooms.; - Versatile building suitable for various business ventures.; - Fully intact commercial kitchen and original 'speakeasy' bar ready for immediate use.
    (913) 322-7500
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    102 Ohio St W Butler, MO 64730
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    Butler, MO 64730
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102 Ohio St W Butler, MO 64730
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