Building Details

Building materials Brick

Listing Agency: Ragar Realty Show Phone

Listed By: Wesley Tuley · License #2016209865 Show Phone

Added: Aug 31 Changed: Sep 1 Last Checked: Sep 3 at 8:06AM

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MLS# 26055611

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Investment Insights

Based on property information with market context.

This brick restaurant property includes a main-level dining area, established bar, commercial kitchen, and related service infrastructure. The sale includes commercial equipment such as 2 commercial fryers, a 48' flattop, 24' char grill, 6 top gas stove with oven, hood and fire suppression system, walk-in cooler and freezer, bar equipment, tables, chairs, fixtures, and additional equipment. New HVAC units were installed in 2026. A small basement provides storage and utility space, while the second floor offers additional area that is currently in need of renovation.

Positioned directly on Main Street in downtown Palmyra, the property has a recognizable restaurant location with visibility from the street. The upper level may support additional dining or event space, offices, apartments, short-term lodging, or other income-producing uses, subject to applicable zoning and approvals. Public water serves the property.

Key Highlights

• Main‑level restaurant and bar layout with dining area and commercial kitchen
• Included equipment: 2 commercial fryers, 48' flattop, 24' char grill, and 6 top gas stove with oven
• Hood, fire suppression system, walk‑in cooler and freezer included

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Yes

Commercial hood

Location Intelligence

Trade Area within ½ mile

284

Businesses Nearby

32k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 63% Dining 37% Hotels & Casinos 1%

Hardee's Dining

8,062 visits/mo 0.3 miles

Shell Shops & Services

8,011 visits/mo 0.1 miles

Dollar Tree Shops & Services

5,268 visits/mo 0.5 miles

SUBWAY Dining

3,719 visits/mo 0.1 miles

Cenex Shops & Services

3,302 visits/mo 0.3 miles

Demographics for 63461, MO

5,942

Population

2,458

Households

2.4

Avg Household Size

41

Median Age

26%

College-Educated

92%

High-School Grad

155.2 sq mi

ZIP Area

38

Density / Sq Mi

$68,633

Median Household Income

$39,464

Median Earnings

$808

Median Rent

$176,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Downtown restaurant property with commercial kitchen, bar space, dining area, and included furnishings and fixtures.

Where is this conventional restaurant located?

The property is located at 121 S Main Street Palmyra, MO.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: Main‑level restaurant and bar layout with dining area and commercial kitchen; Included equipment: 2 commercial fryers, 48' flattop, 24' char grill, and 6 top gas stove with oven; Hood, fire suppression system, walk‑in cooler and freezer included