123 Commercial St Lebanon, MO 65536
Property profile & analytics
123 Commercial St Lebanon, MO 65536
- Turn key restaurants
- 6,038 SF
Property ID
US48-1656604
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Rail 1868 Restaurant and Tavern / Restaurant
Property Details for 123 Commercial St
- Year built
- 1900
- Property size
- 6,038 SF
- Property type
- Turn key restaurants
- APN
- 13-1.0-11-002-022-010.000
- APU
- 131011002022010000
Description
This stunning, historically renovated 6050 square foot commercial building is located in Lebanon, Missouri's vibrant downtown business district at 123 W Commercial Street. The property boasts beautifully preserved original features including exposed brick walls, tin ceilings, and original wood floors, seamlessly blended with modern updates. Large storefront garage-style windows open directly onto the bustling Commercial Street sidewalk, providing excellent visibility and street access. The building is fully code-compliant, featuring three ADA-compliant restrooms renovated with historical fixtures, a three-floor sprinkler system, three-phase electric, and new plumbing. The absence of load-bearing interior walls allows for flexible and easy renovations to suit a variety of uses. Currently configured as a restaurant with a chef's kitchen and a second-floor bar/party room, the upper level could easily be converted into a large loft-style residence. The building sits on a prominent corner lot (0.08 acres) offering ample parking at the front, side, and rear, with separate entrances for both the ground floor and the second floor. Leaseback options are available for the current restaurant tenant. This property presents a unique opportunity to own a piece of Lebanon's rich history while enjoying the benefits of a fully modernized and versatile commercial space. The building's prime location and flexible layout make it ideal for a variety of businesses or a mixed-use development.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Laclede
- State
- Missouri
- Longitude
- -92.6648
- Latitude
- 37.6801
- CBSA code
- 30060
- CBSA name
- LEBANON, MO MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,934
$0.00
$0.00
$79,970
-
$14,900
$235,000
$249,900
