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    331 S Main St Carthage, MO 64836

    For Sale
    $699,500

    COMMERCIAL - Carthage, MO

    Property size:
    14,924 SF
    Lot size:
    0.20 Acres
    Days on Market:
    148
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 331 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 4, Bathroom 3, Bathroom 2, Basement, Bathroom 5, Bathroom 1
    Bathrooms
    5
    Size
    14,924 SF
    Lot size
    0.20 Acres

    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
    Carpet, Laminate, Hardwood
    Roof type
    Rolled Hot Mop

    Real Broker, LLC (855) 450-0442 [email protected]

    Listing agent FORREST. Real Estate Forrest Stodghill (573) 520-3099 License #2015033149

    Listing date Jul 11, 2025

    Copyright © 2025 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.

    Overview

    Historic Carthage Square Commercial Property

    This commercial property is located in the historic Carthage, MO square. The property offers nearly 15000 square feet of total space, featuring restaurant and retail space suitable for business operations. Additionally, there is separate income-producing retail space with approximately 3 years remaining on the lease. A 4-bed, 2-bath apartment is included, offering the option for owner occupancy or rental income. Updates to the property include LED lighting throughout, ceramic tint on the storefront windows, new upper storefront windows and trim, 200 amp electric panels for both the restaurant and the apartment, new EIFS on the north exterior wall, and a deck for the apartment entrance. The lot size is 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Carthage
    County
    Jasper
    State
    Missouri
    Longitude
    -94.311391
    Latitude
    37.176459

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    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant/retail space with income-producing lease and residential apartment.
    Where is this restaurant located?
    The property is located at 331 S Main St Carthage, MO.
    What is the asking price?
    The asking price for this property is $699,500.
    What are key features of this property?
    This property features: - Prime location on the historic Carthage, MO square.; - Turn-key restaurant/retail space for business use.; - Income-producing retail space with an existing lease (approximately 3 years remaining).
    (573) 520-3099
    Request Owner's contact information
    331 S Main St Carthage, MO 64836
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    Carthage, MO 64836
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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
    331 S Main St Carthage, MO 64836
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