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Mixed-Use Restaurant and Retail
For Sale
Under Contract
$649,900

331 S Main Street, Carthage, MO 64836

Commercial Sale, Carthage, MO

Property Size14,924 SF
Lot Size0.20 Acres
Price / SF$43.55
Days on Market238

Property Features for 331 S Main Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 5
Full bathrooms 5
Rooms Basement, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
Directions From Central and Garrison, go east to Main st. Go South on Main. Property on West side of the square.
Subdivision 09 - Carthage Area
Standard status Active Under Contract
Size 14,924 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Annual Amount 2289

Utilities

Utilities Electricity Available
Heating system Natural Gas, Heat Pump (Heating), Central
Cooling system Central Air

Building Details

Year built 1896
Number of units 1
Flooring type Laminate, Hardwood, Carpet
Roof type Rolled Hot Mop
Listing Agency: Real Broker, LLC
Listed By: FORREST. Real Estate Forrest Stodghill · License #2015033149
Added: Jan 16 Changed: Sep 7 Last Checked: Sep 11 at 2:06PM
MLS# 260299

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.

Built in 1896, this 14,924-square-foot mixed-use property on a 0.2-acre parcel combines restaurant and retail areas with a separate apartment. The property includes a 4 bed/2 bath apartment, offering an additional residential component, while a distinct retail area has approximately 3 years remaining on its lease. Interior finishes include laminate, hardwood, and carpet, with central air, natural gas, heat pump heating, and electricity available.

Located at 331 S Main Street in Carthage, the property occupies a building on the historic square. Recent improvements include LED lighting, ceramic-tinted storefront windows, updated upper storefront windows and trim, 200 amp electrical panels serving both the restaurant and apartment, new EIFS on the north exterior wall, and an apartment-entry deck. A basement and five bathrooms are also included.

Key Highlights

  • 14,924 square feet on a 0.2‑acre parcel
  • Restaurant and retail areas with a separate 4 bed/2 bath apartment
  • Separate retail space has approximately 3 years remaining on the lease

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Electrical Service Real Estate Agency (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Home Appliance Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

580
Businesses Nearby

Demographics for 64836, MO

25,334
Population
10,241
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
82%
High-School Grad
184.1 sq mi
ZIP Area
138
Density / Sq Mi
$58,775
Median Household Income
$35,311
Median Earnings
$883
Median Rent
$157,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Restaurant, retail, leased commercial space, and a separate apartment occupy this adaptable mixed-use property.
Where is this mixed-use property located?
The property is located at 331 S Main Street Carthage, MO.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 14,924 square feet on a 0.2‑acre parcel; Restaurant and retail areas with a separate 4 bed/2 bath apartment; Separate retail space has approximately 3 years remaining on the lease
More about this property
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