102 Kingshighway St Sikeston, MO 63801
This exceptional investment opportunity presents a well-established, profitable restaurant and lounge in downtown Sikeston, Missouri. Jeremiah's Restaurant & Lounge, a local favorite for over 35 years, boasts 23,450 square feet and strong brand recognition, ensuring consistent revenue streams. The sale includes all business assets, fixtures, furniture, and equipment (FF&E), along with the real estate. The property features five units, including the restaurant and lounge, and three additional ground-floor retail/office suites ideal for expansion or rental income. A sizable off-street parking lot adds convenience. The property sits on a 0.54-acre lot, zoned C-2, and includes a second-floor space (previously a 52-room hotel) offering significant redevelopment potential. Built in 1920, this Class C property is priced at $649,999 ($27.72/sq ft). This turnkey operation offers a unique chance to acquire a thriving business with substantial growth potential in a prime downtown location, leveraging decades of established goodwill within the Sikeston community and surrounding region. The property's diverse unit configuration and substantial square footage provide flexibility for various business ventures and income streams. This is a rare opportunity to own a piece of Sikeston history and build upon its legacy of success.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.