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    123 Commercial St Lebanon, MO 65536

    For Sale
    $889,000

    Renovated 6050 sq ft building, leaseback option available.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This stunning, historically renovated 6050 square foot commercial building is located in Lebanon, Missouri's vibrant downtown business district at 123 W Commercial Street. The property boasts beautifully preserved original features including exposed brick walls, tin ceilings, and original wood floors, seamlessly blended with modern updates. Large storefront garage-style windows open directly onto the bustling Commercial Street sidewalk, providing excellent visibility and street access. The building is fully code-compliant, featuring three ADA-compliant restrooms renovated with historical fixtures, a three-floor sprinkler system, three-phase electric, and new plumbing. The absence of load-bearing interior walls allows for flexible and easy renovations to suit a variety of uses. Currently configured as a restaurant with a chef's kitchen and a second-floor bar/party room, the upper level could easily be converted into a large loft-style residence. The building sits on a prominent corner lot (0.08 acres) offering ample parking at the front, side, and rear, with separate entrances for both the ground floor and the second floor. Leaseback options are available for the current restaurant tenant. This property presents a unique opportunity to own a piece of Lebanon's rich history while enjoying the benefits of a fully modernized and versatile commercial space. The building's prime location and flexible layout make it ideal for a variety of businesses or a mixed-use development.

    Property Features for 123 Commercial St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1870
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Rail 1868 Restaurant ... Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Laclede
    State
    Missouri
    Longitude
    -92.66482
    Latitude
    37.68007

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    FAQs

    What type of property is this?
    Commercial real estate - Renovated 6050 sq ft building, leaseback option available.
    Where is this commercial real estate located?
    The property is located at 123 Commercial St Lebanon, MO.
    What is the asking price?
    The asking price for this property is $889,000.
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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
    123 Commercial St Lebanon, MO 65536
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