117 W Walnut St Rogers, AR 72756
For Lease
1 / 22
This exceptional 8,648-square-foot property at 117 W. Walnut Street in historic downtown Rogers, Arkansas, presents a unique investment opportunity. Built in 1898, this landmark building boasts a rich history, having served as a farm and supply store, and subsequently housed various businesses including doctor's offices, a funeral home, hardware and automotive shops, restaurants, and most notably, the popular "Grand at 117" event venue. The property features a grand entrance leading to a high-ceilinged great room, complete with iron chandeliers and stunning views of grand staircases and a mezzanine balcony. Ideal for continued use as a restaurant or event space, the building includes a full-size commercial kitchen, a robust hood vent system, two walk-in coolers, and a glycol tap system for both first and second-floor bars. Ample storage is available in the full-height basement. Recent upgrades include newer HVAC units and a new roof installed in 2024. Enjoy ambient outdoor patio seating and take advantage of additional municipal parking located behind the building, enhanced by Rogers' attractive alley lightscapes. This prime location is adjacent to the Experimental House and near Railyard Park, Butterfield Stage, and APT, offering excellent visibility and accessibility. The 0.15-acre lot provides ample space for various uses. Priced at $1,375,000.
-
Moonbroch Clothing & Fashion Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.