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    100 Courthouse Sq Kennett, MO 63857

    For Sale
    $315,000

    Historic Event Venue, Turnkey Business

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional commercial property, located at 100 N Courthouse Square in downtown Kennett, Missouri, presents a unique investment opportunity. The building, known as the Opera House, boasts over 15,000 square feet of versatile space, perfectly suited for a thriving event venue. The property includes multiple elegantly appointed event rooms, ideal for weddings, corporate functions, or other large gatherings. A dedicated bridal suite provides convenience and privacy for wedding parties. A fully equipped bar area and kitchen facilitate catering and refreshments. Office spaces are currently occupied by tenants, generating consistent rental income. Ample storage space is available for event decor and equipment, which is included in the sale. The Opera House is a proven, successful turnkey business, with a robust schedule of events already booked for 2024 and 2025, ensuring immediate revenue generation. This is a rare chance to acquire a well-established, high-demand commercial property in a vibrant downtown location. The property is offered at $315,000. Further details are available upon request.

    Property Features for 100 Courthouse Sq

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Kennett
    County
    Dunklin
    State
    Missouri
    Longitude
    -90.05657
    Latitude
    36.23729

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Event Venue, Turnkey Business
    Where is this commercial real estate located?
    The property is located at 100 Courthouse Sq Kennett, MO.
    What is the asking price?
    The asking price for this property is $315,000.
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    100 Courthouse Sq Kennett, MO 63857
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    Kennett, MO 63857
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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
    100 Courthouse Sq Kennett, MO 63857
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