All-Brick Corner Restaurant
For Sale
$420,000
103 E BROADWAY, Ashland, MO 65010
COMMERCIAL - Ashland, MO
Property Size4,100 SF
Price / SF$102.44
Days on Market95
Property Features for 103 E BROADWAY
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
On Street
Exterior features
Brick
Subdivision
5 - Boone County
Standard status
Active
Size
4,100 SF
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1970
Floors in Building
1
Building materials
Brick
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Cheryl Maupin · License #2012041666
(573) 239-1087
Added: Apr 29
Changed: Jul 25
Last Checked: Aug 1 at 5:06PM
MLS# 10072965
Copyright © 2026 Jefferson City Area Board of Realtors MLS. 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.
Located at 103 E Broadway in Ashland, MO, this all-brick corner building totals approximately 4,100 square feet. It was formerly a restaurant/bar and includes a walk-in refrigerator, a stage area, and a covered back porch. The interior offers an open floor plan and corner frontage, with the space potentially configured for multiple uses.
Zoned General Commercial, the property is served by city utilities and offers paved parking. Public remarks note street parking as well. The building sits on a prominent corner at Broadway & Main in the heart of Ashland, surrounded by other businesses and new growth, creating flexibility for food service, entertainment, or a retail and service-oriented tenant setup.
Zoned General Commercial, the property is served by city utilities and offers paved parking. Public remarks note street parking as well. The building sits on a prominent corner at Broadway & Main in the heart of Ashland, surrounded by other businesses and new growth, creating flexibility for food service, entertainment, or a retail and service-oriented tenant setup.
Key Highlights
- 4,100 SF all‑brick commercial corner building at Broadway & Main in Ashland
- Former restaurant/bar layout with walk‑in refrigerator and stage area
- Covered back porch and open floor plan
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.6k | $14.04 |
| − Vacancy | −$3.3k | −$0.80 |
| EGI | $54.3k | $13.24 |
| − OpEx | −$16.3k | −$3.97 |
| NOI | $38.0k | $9.27 |
4,100 SF · lease $14.04/SF/yr · vacancy 5.68% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$581.7K
$509.0K – $678.7K
NOI $40,721 @ 7.0% cap · market cap 9.70%
Second Best
Retail
$542.9K
$475.1K – $633.4K
NOI $38,006 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,092 @ 7.0% cap · market cap 24.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65010, MO
7,128
Population
3,092
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
93%
High-School Grad
60.7 sq mi
ZIP Area
117
Density / Sq Mi
$93,025
Median Household Income
$53,900
Median Earnings
$1,180
Median Rent
$274,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - All-brick corner building with former restaurant/bar layout, walk-in refrigerator, and covered back porch in Boone County, MO.
Where is this bar & pub located?
The property is located at 103 E BROADWAY Ashland, MO.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 4,100 SF all‑brick commercial corner building at Broadway & Main in Ashland; Former restaurant/bar layout with walk‑in refrigerator and stage area; Covered back porch and open floor plan
