Restaurant Building with
For Sale
$975,000
1298 N Highway 47, Union, MO 63084
The existing layout includes dining, kitchen, lobby, bar, and restroom areas for restaurant operations.
Property Size3,216 SF
Lot Size0.75 Acres
Price / SF$303.17
Days on Market74
Property Features for 1298 N Highway 47
General Information
Standard status
Active
Size
3,216 SF
Total Parking Spaces
50
Lot size
0.75 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
No
Equipment Included
No
Taxes and HOA fees
Annual Taxes
$7,028
Amenities
open dining space
bar
lobby
kitchen
restrooms
paved parking lot
Building Details
Building Size
3,216 SF
Year Built
2001
Buildings
1
Stories
1
Listing Agency:
Flowers Home Realty
(636) 348-0222
Listed By:
Marletta Flowers
(314) 614-8707
Source:
Flowershomerealty
Added: Aug 12
Changed: Oct 23
Last Checked: Oct 23 at 1:27PM
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 Flowers Home Realty
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Investment Insights
Based on property information with market context.
The 3,216-square-foot restaurant building was constructed in 2001 and occupies a 0.75-acre parcel. Its interior includes an open dining area, bar, lobby, kitchen, and two restrooms. A paved lot provides on-site parking.
Located at 1298 N Highway 47 in Union, Missouri, the property faces Highway 47 and is described as near Interstate 44. The building and land are offered separately from furnishings, appliances, fixtures, and other contents, which may be purchased separately or included for an additional amount.
Located at 1298 N Highway 47 in Union, Missouri, the property faces Highway 47 and is described as near Interstate 44. The building and land are offered separately from furnishings, appliances, fixtures, and other contents, which may be purchased separately or included for an additional amount.
Key Highlights
- 3,216‑square‑foot building on a 0.75‑acre parcel
- Restaurant layout includes an open dining area, bar, lobby, kitchen, and 2 restrooms
- Paved on‑site parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,938
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,760
$698.8K
Cap Rate 7%
$499,114
$499.1K
Cap Rate 9%
$388,200
$388.2K
Market Conditions
NOI Build-Up for 3,216 SF
Gross rent
$48.6K $15.12/SF
− Vacancy
−$2.0K −$0.64/SF
EGI
$46.6K $14.48/SF
− OpEx
−$11.6K −$3.62/SF
NOI
$34.9K $10.86/SF
Area
Franklin County, MO
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,760
Cap Rate 7%
$499,114
Cap Rate 9%
$388,200
Alternative Uses
Best Use
Specialty Retail
$499.1K
$436.7K – $582.3K
NOI $34,938 @ 7.0% cap · market cap 3.58%
Second Best
Retail
$432.6K
$378.5K – $504.7K
NOI $30,279 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$946.8K
$828.5K – $1.10M
NOI $66,276 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Schnucks
Groceries
16,387 visits/mo
0.4 miles
Demographics for 63084, MO
19,500
Population
8,511
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
90%
High-School Grad
76.3 sq mi
ZIP Area
256
Density / Sq Mi
$72,332
Median Household Income
$42,327
Median Earnings
$852
Median Rent
$221,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The existing layout includes dining, kitchen, lobby, bar, and restroom areas for restaurant operations.
Where is this conventional restaurant located?
The property is located at 1298 N Highway 47 Union, MO.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3,216‑square‑foot building on a 0.75‑acre parcel; Restaurant layout includes an open dining area, bar, lobby, kitchen, and 2 restrooms; Paved on‑site parking lot
