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Restaurant with Covered Patio
For Sale
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98 Kingshighway, Sikeston, MO 63801

Operating restaurant property with outdoor dining, additional suites, and an upper-level hospitality component for future reconfiguration.

Property SizeContact for details
Days on Market143

Property Features for 98 Kingshighway

General Information

Standard status Active
Property subtype Special Purpose, Land

Additional Details

Business Included Yes
Patio Yes
Listing Agency: CENTURY 21 Premiere Realty
Listed By: Tim Merideth · License #2012041935
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 7:27AM

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 CENTURY 21 Premiere Realty

Investment Insights

Based on property information with market context.

Jeremiah’s restaurant business and the underlying real estate are offered together at 98 Kingshighway in Sikeston. The property supports both indoor dining and outdoor service on a covered rear patio and beer garden. The owner plans to remain during a transition period, providing continuity as the business changes hands.

Three unoccupied suites create options for additional leasing income or expansion of the restaurant operation. The upper floor contains 52 rooms associated with the former Del Ray Hotel; those rooms could be remodeled for office or professional-service use. The property combines an operating restaurant, ancillary suite space, and a substantial upper-level component within one offering.

Key Highlights

  • Jeremiah’s restaurant business and real estate are included in the sale
  • More than 35 years of restaurant operating history
  • Covered rear patio and beer garden provide outdoor dining space

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Parking Lot & Garage Kitchen & Bath Showroom Auto Parts Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Bakery

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

816
Businesses Nearby
72k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 54% Shops & Services 38% Groceries 8% Electronics 1%
SONIC Drive In Dining
15,530 visits/mo 0.4 miles
Huck's Shops & Services
14,240 visits/mo 0.4 miles
Buffalo Wild Wings Dining
10,559 visits/mo 0.3 miles
Scooter's Coffee Dining
6,891 visits/mo 0.5 miles
Save-A-Lot Groceries
5,796 visits/mo 0.5 miles

Demographics for 63801, MO

22,572
Population
10,013
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
87%
High-School Grad
212.7 sq mi
ZIP Area
106
Density / Sq Mi
$55,945
Median Household Income
$34,940
Median Earnings
$826
Median Rent
$149,600
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Operating restaurant property with outdoor dining, additional suites, and an upper-level hospitality component for future reconfiguration.
Where is this conventional restaurant located?
The property is located at 98 Kingshighway Sikeston, MO.
What are key features of this property?
This property features: Jeremiah’s restaurant business and real estate are included in the sale; More than 35 years of restaurant operating history; Covered rear patio and beer garden provide outdoor dining space
(573) 620-1794 Call to check price and availability
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