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    105 Monroe St Versailles, MO 65084

    For Sale
    $239,000

    Restaurant/Bar with Upper-Floor Potential

    Property size:
    4,477 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional commercial property, located at 105 Monroe Street in the heart of Versailles, MO, presents a unique investment opportunity. The 4,477 square foot building sits on a 0.07-acre lot and is currently configured as a restaurant and bar, offering immediate income potential. Significant upgrades have already been completed, including a fully renovated kitchen with new subflooring, a brand-new bar installation, and 80% upgraded electrical systems. The first floor boasts a fully equipped restaurant/bar space, enhanced by new mini-split systems for optimal customer comfort and completely new plumbing. The upper floor is approximately 50% finished, featuring a newly added bathroom. This space is ideally suited for conversion into a bed and breakfast, office space, or other complementary business, offering significant expansion possibilities. All restaurant equipment is included in the sale price of $239,000. The property's prime location on the square in Versailles ensures high visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures. The seller's relocation necessitates a quick sale, presenting a compelling opportunity for a discerning buyer to acquire a well-maintained, versatile commercial property with substantial upside potential. This is a turnkey operation ready for immediate occupancy and revenue generation.

    Property Features for 105 Monroe St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,477 SF
    Lot Size
    3,049 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sole Solutions, LLC Orthopedic Shoe Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Versailles
    County
    Morgan
    State
    Missouri
    Longitude
    -92.84216
    Latitude
    38.43184

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    FAQs

    What type of property is this?
    Commercial real estate - Restaurant/Bar with Upper-Floor Potential
    Where is this commercial real estate located?
    The property is located at 105 Monroe St Versailles, MO.
    What is the asking price?
    The asking price for this property is $239,000.
    (573) 569-4388
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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
    105 Monroe St Versailles, MO 65084
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