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Mixed-Use Building with Restaurant Space
For Sale
$250,000

127 E Cherry Street, Nevada, MO 64772

Commercial Sale, Nevada, MO

Property Size3,100 SF
Lot Size0.40 Acres
Price / SF$80.65
Days on Market330

Property Features for 127 E Cherry Street

General Information

Property type Commercial Sale
Property subtype Other
Directions Starting on the corner of Austin and Ash. East on Austin. North on Washington. West on Cherry
Subdivision 31 - Vernon County
Standard status Active
Size 3,100 SF
Lot size 0.40 Acres

Taxes and HOA fees

Tax Annual Amount 782

Utilities

Utilities Electricity Available
Heating system Natural Gas, Central
Cooling system Central Air

Building Details

Flooring type Concrete, Ceramic
Roof type Rubber, Rolled Hot Mop
Listing Agency: KELLER WILLIAMS REALTY ELEVATE
Listed By: 3 Birds Real Estate Solutions, Marny Scotten · License #2021018224
Added: Oct 27, 2025 Changed: Sep 13 Last Checked: Sep 21 at 9:06PM
MLS# 255989

Copyright © 2026 Ozark Gateway Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use building contains 3,100 square feet on a 0.4-acre parcel, with commercial space at ground level and a remodeled two-bedroom apartment above. The lower floor offers an open layout suited to restaurant operations, while exposed brick, large windows, high ceilings, ceramic and concrete flooring, and rubber and rolled hot mop roofing contribute to the building’s character.

The upper residence includes updated windows, HVAC, electrical, and plumbing systems, along with a primary suite and a second bedroom. Central heating uses natural gas, and the property has central air conditioning. Electricity is available. The building is located at 127 E Cherry Street in Nevada, with views toward the square from the apartment.

Key Highlights

  • 3,100 square feet on a 0.4‑acre parcel
  • Ground‑floor commercial space with open restaurant layout
  • Remodeled two‑bedroom apartment on the upper floor

Property Analytics

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Current Use

Ray's Trophies & Awards (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Gym & Fitness Center Electrical Service Restaurant Real Estate Agency (Bike/Boat/Book/etc) Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

643
Businesses Nearby

Demographics for 64772, MO

12,897
Population
6,054
Households
2.1
Avg Household Size
39
Median Age
19%
College-Educated
90%
High-School Grad
129.0 sq mi
ZIP Area
100
Density / Sq Mi
$56,194
Median Household Income
$32,000
Median Earnings
$725
Median Rent
$137,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combines a remodeled apartment with an open commercial floor plate.
Where is this mixed-use property located?
The property is located at 127 E Cherry Street Nevada, MO.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 3,100 square feet on a 0.4‑acre parcel; Ground‑floor commercial space with open restaurant layout; Remodeled two‑bedroom apartment on the upper floor
More about this property
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