Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Seneca Commercial Building Title is generated by Realmo AI

    1107 Cherokee Avenue, Seneca, MO 64865

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    6,593 sq ft commercial building in downtown Seneca, Missouri.

    Type:Office
    Property size:
    6,593 SF
    Price / SF:
    $30/SF
    Added:
    May 22, 2026
    Days on Market:
    11
    Last Refresh:
    May 27 at 8:22 am

    Property Features for 1107 Cherokee Avenue

    General Information

    Standard status
    Active
    Size
    6,593 SF
    Property subtype
    Office

    Building Details

    Year Built
    1914

    We can help!

    Listing Contact
    Shauna Norris

    Listing agent Shauna Norris

    Listing office Venture Group Real Estate

    Listing date May 22, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Venture Group Real Estate

    HighLights

    • High‑visibility location in the heart of downtown Seneca with excellent frontage and steady regional traffic.
    • Large 6,593 sq ft commercial building with a highly flexible interior layout.
    • Proximity to I‑44 and entertainment destinations (Indigo Sky Casino, Downstream Casino Resort).
    • Versatile spaces including a large open entertaining area, formal office, storage rooms, game room, kids' room, and a cedar wood‑lined room.
    • Includes a dining layout with bar‑top seating, karaoke stage, conference/private event space, commercial kitchen area, loading dock, and extensive storage.
    • Suitable for restaurant, event center, retail, office conversion, entertainment venue, or mixed‑use redevelopment.

    Overview

    Located in downtown Seneca, Missouri, this 6,593 sq ft commercial building offers visibility, frontage, and regional traffic. Situated near I-44 and close to the Missouri/Oklahoma line, the property is also near Indigo Sky Casino and Downstream Casino Resort. The building has a history of commercial use, including a flea market, car dealership, Otasco, Simple Simon's Pizza, and a restaurant and entertainment venue. The interior features a layout with open spaces and private rooms. The front area includes an entertaining space with seating, an office, and storage rooms. Two rooms offer versatility, previously used as a game room and a kids' room. A cedar wood-lined room was recently used as a humidity-controlled cigar room. The central area has a dining layout with bar-top seating, a karaoke stage, and a conference/private event space. Toward the rear is a commercial kitchen area, along with a loading dock and storage space. The back of the building features a room previously used as a traditional cigar lounge and private gathering space. The property is suited for restaurant, event center, retail, office conversion, entertainment venue, or mixed-use redevelopment.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Seneca
    County
    Newton
    State
    Missouri
    Longitude
    -94.611208
    Latitude
    36.841612

    Nearby Similar for Sale

    • $150,000
      5,200 SF

      Versatile Commercial Property in Seneca

      Two shop buildings totaling over 5,000 sqft on 1.1 acres.
      419 Washington Avenue, Seneca, MO 64865
      View Details
    • $199,999
      6,593 SF

      Downtown Seneca Commercial Building Available

      6,593 sq ft commercial building in downtown Seneca, Missouri.
      1107 Cherokee Avenue, Seneca, MO 64865
      View Details
    • $169,900
      1,737 SF

      Seneca Commercial Property for Sale

      Commercial property in Seneca, Missouri, suitable for various business ventures.
      1418 Cherokee Avenue, Seneca, MO 64865
      View Details
    • $109,327
      2,871 SF

      Seneca Mixed-Use Property For Sale

      Remodeled living quarters attached to a historic commercial building.
      121 Washington Avenue, Seneca, MO 64865
      View Details
    • $449,900

      82.2 Acre Farm Near Town

      82.2 acre farm suitable for livestock and hunting.
      Woodland Drive, Seneca, MO 64865
      View Details
    • $149,960

      Restaurant/Bar Opportunity with Equipment Included

      Restaurant/bar/grill opportunity with equipment and fixtures included.
      Cherokee Avenue, Seneca, MO 64865
      View Details
    • $67,500

      Downtown Seneca Commercial Opportunity

      Commercial building on Main Street in downtown Seneca, Missouri.
      1117 Cherokee Avenue, Seneca, MO 64865
      View Details
    • $79,900

      Downtown Seneca Corner Lot Retail

      Highly visible corner lot in Downtown Seneca with great potential.
      1320 Cherokee Avenue, Seneca, MO 64865
      View Details

    FAQs

    What type of property is this?
    Retail space - 6,593 sq ft commercial building in downtown Seneca, Missouri.
    Where is this retail space located?
    The property is located at 1107 Cherokee Avenue Seneca, MO.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: High‑visibility location in the heart of downtown Seneca with excellent frontage and steady regional traffic.; Large 6,593 sq ft commercial building with a highly flexible interior layout.; Proximity to I‑44 and entertainment destinations (Indigo Sky Casino, Downstream Casino Resort).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Shauna Norris
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1107 Cherokee Avenue, Seneca, MO 64865
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!