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    311 Main St Carthage, MO 64836

    For Sale
    $750,000

    Upscale retail, restaurant, & potential apartments

    Property size:
    25,542 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 25,542 square foot, tri-level commercial building is situated on a 0.24-acre lot in the heart of historic downtown Carthage, Missouri, at 311 S Main Street. Occupying an entire city block, this 1880s building offers a unique blend of established businesses and significant redevelopment potential. The main floor currently houses a thriving art gallery and a well-regarded restaurant, complete with a full commercial kitchen, two public restrooms, a stage, and attractive display windows. All existing kitchen equipment, tables, and chairs are included in the sale price of $750,000. The upper level, previously used as offices, presents a blank canvas for conversion into residential apartments or additional commercial suites, offering a lucrative income stream. A full basement provides ample storage space, along with a self-contained studio apartment featuring a full bathroom and laundry facilities. The building boasts beautiful hardwood floors, high ceilings, and convenient street-level entrances on both the front and back of the property. This is a rare opportunity to acquire a significant piece of Carthage's history and capitalize on its prime location and versatile layout. The property's size and features make it ideal for a variety of uses, from expanding existing businesses to creating a mixed-use development.

    Property Features for 311 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    25,542 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1880
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    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
    -94.31139
    Latitude
    37.17677

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    FAQs

    What type of property is this?
    Retail property - Upscale retail, restaurant, & potential apartments
    Where is this retail property located?
    The property is located at 311 Main St Carthage, MO.
    What is the asking price?
    The asking price for this property is $750,000.
    (417) 623-9900
    Request Owner's contact information
    311 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
    311 Main St Carthage, MO 64836
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