127 E Cherry St, Nevada, MO 64772
For Sale
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This charming three-story building, originally The Mitchell Hotel, is located at 127 E Cherry Street in Nevada, Missouri (zip code 64772). Built in 1900, this 3,100 square foot retail property sits on a 0.04-acre lot and offers a unique investment opportunity. The main floor has recently operated as a restaurant and bistro, complete with a fully equipped kitchen and commercial hood. Restaurant appliances may be included in the sale, although the business name and operations will not transfer to the new owner. Above the main floor is a two-story, two-bedroom apartment with a balcony, ideal for owner occupancy or as a separate rental unit, generating additional income. Convenient city parking is located directly adjacent to the property. The property's rich history and versatile layout make it suitable for a variety of uses, presenting a compelling opportunity for both business owners and investors. The asking price for this exceptional property is $249,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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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.