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    515 Mulberry St Pilot Knob, MO 63663

    For Sale
    $275,000

    9,960 SF Bar/Restaurant, Huge Potential

    Property size:
    9,960 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 9,960-square-foot commercial property, located at 515 W Mulberry St in Pilot Knob, Missouri, presents a unique investment opportunity. Built in 1978, the building sits on a one-acre lot and boasts high visibility from Highway 21, ensuring significant foot traffic and brand recognition. Previously operating as a bowling alley, the property retains many of its original features, including ten bowling lanes, a fully equipped kitchen, a bar area, two restrooms, and an office. The substantial square footage offers immense flexibility for a variety of uses, making it ideal for a restaurant, bar, entertainment venue, or other commercial enterprise. The asking price is $275,000, translating to a price per square foot of $27.61. The property's size and location in Iron County, Missouri, zip code 63663, provide ample space for expansion or adaptation to suit a new owner's vision. With its existing infrastructure and prime highway frontage, this property is poised for immediate success. The substantial lot size also allows for potential future development or expansion. This is a rare opportunity to acquire a large, versatile commercial building in a desirable location with significant upside potential. The property is ready for its next chapter, awaiting a visionary entrepreneur to transform it into a thriving business.

    Property Features for 515 Mulberry St

    General Information

    Property type
    Restaurants
    Square Feet
    9,960 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1978

    HighLights

    • 9,960 SF commercial building on a 1‑acre lot in Pilot Knob, MO.
    • High visibility from Highway 21.
    • Features ten bowling lanes, full kitchen, bar, restrooms, and office.
    • $275,000 asking price ($27.61/SF).
    • Suitable for restaurant, bar, entertainment, or other commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Wholesale Shop Auto Repair Shop Building Supply Pharmacy Department Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Pilot Knob
    County
    Iron
    State
    Missouri
    Longitude
    -90.6411476
    Latitude
    37.6216242

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    FAQs

    What type of property is this?
    Restaurant - 9,960 SF Bar/Restaurant, Huge Potential
    Where is this restaurant located?
    The property is located at 515 Mulberry St Pilot Knob, MO.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 9,960 SF commercial building on a 1-acre lot in Pilot Knob, MO.; High visibility from Highway 21.; Features ten bowling lanes, full kitchen, bar, restrooms, and office.
    Request Owner's contact information
    515 Mulberry St Pilot Knob, MO 63663
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    Realmo Value Estimation

    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.

    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.

    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
    515 Mulberry St Pilot Knob, MO 63663
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