Historic Event Venue
104 & 105 N 13th ST, Van Buren, AR 72956
For Sale
$584,000
Commercial, Van Buren, AR
Property Size5,774 SF
Lot Size1.36 Acres
Price / SF$101.14
Days on Market93
Property Features for 104 & 105 N 13th ST
General Information
Property type
Property subtype
Rooms
Directions
Standard status
APN
Size
Lot size
Additional Details
Currently Operating
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Flooring type
Buildings
Listing Agency:
Keller Williams Platinum Realty · Keller Williams Realty
Listed By:
Pendergraft Realty Group
(479) 434-3000
Added: Aug 10
Changed: Oct 27
Last Checked: Nov 10 at 10:06AM
MLS# 1091018
Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This portfolio includes two adjacent properties totaling 5,774 square feet. The centerpiece is a two-story former church now operating as an event venue, with cathedral ceilings, an original wood balcony, hardwood floors, concrete flooring, and a kitchen. Central heating and central air serve the venue. A studio apartment on the same parcel is undergoing renovation.
The second property is an 1887 Victorian residence with a primary suite addition in progress. It includes a walkout basement, attached garage, and corner-lot setting. Together, the properties offer an operating event business alongside residential space and two short-term rental opportunities for a buyer to complete and activate.
The second property is an 1887 Victorian residence with a primary suite addition in progress. It includes a walkout basement, attached garage, and corner-lot setting. Together, the properties offer an operating event business alongside residential space and two short-term rental opportunities for a buyer to complete and activate.
Key Highlights
- 5,774‑square‑foot portfolio comprising two adjacent properties
- Operating event venue in a former church with cathedral ceilings and original wood balcony
- Venue includes hardwood and concrete flooring, kitchen, central heating, and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,517
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,340
$710.3K
Cap Rate 7%
$507,386
$507.4K
Cap Rate 9%
$394,633
$394.6K
Market Conditions
NOI Build-Up for 5,774 SF
Gross rent
$69.3K $12.00/SF
− Vacancy
−$4.7K −$0.82/SF
EGI
$64.6K $11.18/SF
− OpEx
−$29.1K −$5.03/SF
NOI
$35.5K $6.15/SF
Area
Crawford County, AR
Vacancy
6.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,340
Cap Rate 7%
$507,386
Cap Rate 9%
$394,633
Alternative Uses
Best Use
Apartment 5plus
$507.4K
$444.0K – $592.0K
NOI $35,517 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$968.7K – $1.29M
NOI $77,492 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
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Business Placement
Demographics for 72956, AR
33,870
Population
14,119
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
87%
High-School Grad
103.8 sq mi
ZIP Area
326
Density / Sq Mi
$60,387
Median Household Income
$33,894
Median Earnings
$825
Median Rent
$177,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Wedding venue - Two adjacent properties combine an operating event venue with residential space and additional short-term rental opportunities.
Where is this wedding venue located?
The property is located at 104 & 105 N 13th ST Van Buren, AR.
What is the asking price?
The asking price for this property is $584,000.
What are key features of this property?
This property features: 5,774‑square‑foot portfolio comprising two adjacent properties; Operating event venue in a former church with cathedral ceilings and original wood balcony; Venue includes hardwood and concrete flooring, kitchen, central heating, and central air
