105 Monroe St Versailles, MO 65084
- Retail space
- 4,023 SF
Current Use by Public Records
- Sole Solutions, LLC / Orthopedic Shoe Store
Property Details for 105 Monroe St
- Year built
- 1913
- Construction
- BRICK
- Property size
- 4,023 SF
- Property type
- Retail space
- APN
- 123006400007007000
- APU
- 123006400007007000
Description
This exceptional commercial property, located at 105 Monroe Street in the heart of Versailles, MO, presents a unique investment opportunity. The 4,477 square foot building sits on a 0.07-acre lot and is currently configured as a restaurant and bar, offering immediate income potential. Significant upgrades have already been completed, including a fully renovated kitchen with new subflooring, a brand-new bar installation, and 80% upgraded electrical systems. The first floor boasts a fully equipped restaurant/bar space, enhanced by new mini-split systems for optimal customer comfort and completely new plumbing. The upper floor is approximately 50% finished, featuring a newly added bathroom. This space is ideally suited for conversion into a bed and breakfast, office space, or other complementary business, offering significant expansion possibilities. All restaurant equipment is included in the sale price of $239,000. The property's prime location on the square in Versailles ensures high visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures. The seller's relocation necessitates a quick sale, presenting a compelling opportunity for a discerning buyer to acquire a well-maintained, versatile commercial property with substantial upside potential. This is a turnkey operation ready for immediate occupancy and revenue generation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Versailles
- County
- Morgan
- State
- Missouri
- Longitude
- -92.8421
- Latitude
- 38.4318
