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Mixed-Use Property with Apartment
For Sale
Under Contract
$649,900

331 S Main Street, Carthage, MO 64836

Commercial Sale, Carthage, MO

Property Size15,000 SF
Lot Size0.20 Acres
Price / SF$43.33
Days on Market265

Property Features for 331 S Main Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 5
View City
Directions From Central and Garrison, go east to Main st. Go South on Main. Property on West side of the square.
Standard status Active Under Contract
APN 03-250033-0000
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2022
Tax Annual Amount 2289

Utilities

Heating system Heat Pump (Heating)
Cooling system Central Air

Building Details

Year built 1896
Listing Agency: Real Broker LLC
Listed By: Forrest Real Estate · License #2015033149
Added: Jan 16 Changed: Sep 12 Last Checked: Oct 8 at 2:06AM
MLS# 60313608

Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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 mixed-use property combines restaurant and retail space with a separate retail component and a four-bedroom, two-bath apartment. The apartment offers an additional residential component, while the retail space is associated with a lease having approximately 3 years remaining. Building improvements include LED lighting, ceramic-tinted storefront windows, updated upper storefront windows and trim, 200-amp electrical panels serving both the restaurant and apartment, new EIFS on the north exterior wall, and a dedicated apartment-entry deck.

Built in 1896, the property is located at 331 S Main Street in Carthage, Missouri, within the historic Carthage square. Heating is provided by a heat pump, and the building has central air conditioning.

Key Highlights

  • Restaurant, retail, and apartment uses within one mixed‑use property
  • Four‑bedroom, two‑bath apartment
  • Separate retail space with approximately 3 years remaining on the lease

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Electrical Service Real Estate Agency (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Home Appliance Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

580
Businesses Nearby

Demographics for 64836, MO

25,334
Population
10,241
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
82%
High-School Grad
184.1 sq mi
ZIP Area
138
Density / Sq Mi
$58,775
Median Household Income
$35,311
Median Earnings
$883
Median Rent
$157,700
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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Restaurant, retail, and residential components create a flexible downtown commercial configuration.
Where is this mixed-use property located?
The property is located at 331 S Main Street Carthage, MO.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Restaurant, retail, and apartment uses within one mixed‑use property; Four‑bedroom, two‑bath apartment; Separate retail space with approximately 3 years remaining on the lease
More about this property
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