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Live-Work Restaurant and Retail Building
For Sale
$145,000

124 W Grand Street, Gallatin, MO 64640

COMMERCIAL - Gallatin, MO

Property Size3,932 SF
Lot Size0.07 Acres
Price / SF$36.88
Days on Market51

Property Features for 124 W Grand Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Com
Parking features On Street
Directions From North Main Street turn west onto East Grand Street. The building is on the corner of East Grand Street and South Market Street.
Subdivision 109 - East of I-35 & North of Hwy 92
Standard status Active
APN 15-4.2-20-2-16-05
Lot size 0.07 Acres

Taxes and HOA fees

Tax Annual Amount 998

Utilities

Utilities Water Available

Building Details

Year built 1900
Building materials Brick
Listing Agency: Show-me Real Estate
Listed By: Austin Stevens
Added: Jun 10 Changed: Jul 18 Last Checked: Jul 30 at 5:06PM
MLS# 2625314

Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This live-work commercial property is presented as a turnkey purchase, including equipment and inventory, with space currently operating as a restaurant/retail business on the main level. The 1,956-square-foot main level is laid out for the existing restaurant/retail operation.

The second floor offers 1,976 square feet of spacious living quarters with three bedrooms and one bathroom. This combination can support an owner-operator setup or provide additional rental living arrangements.

Located at 124 W Grand Street in Gallatin, Missouri (Daviess County), the property is identified under zoning labeled “Com.”

Key Highlights

  • Brick commercial property with 1,956 SF main level operating as a restaurant/retail space
  • 1,976 SF second floor offers 3 bedrooms and 1 bathroom for living quarters or rental income
  • Year built: 1900

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Electrical Service Pharmacy Storage Facility (Bike/Boat/Book/etc) Store HVAC Service Building Supply

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

28
Businesses Nearby

Demographics for 64640, MO

3,168
Population
1,802
Households
1.8
Avg Household Size
43
Median Age
22%
College-Educated
86%
High-School Grad
143.9 sq mi
ZIP Area
22
Density / Sq Mi
$56,250
Median Household Income
$36,020
Median Earnings
$796
Median Rent
$177,400
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Live-work space - Two-level property with an operating restaurant/retail on the main floor and 3-bedroom living quarters upstairs.
Where is this live-work space located?
The property is located at 124 W Grand Street Gallatin, MO.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Brick commercial property with 1,956 SF main level operating as a restaurant/retail space; 1,976 SF second floor offers 3 bedrooms and 1 bathroom for living quarters or rental income; Year built: 1900
More about this property
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