15 Olive St Aurora, MO 65605-1648
This exceptional 6,000 square foot property at 15 E Olive Street, Aurora, MO, presents a lucrative investment opportunity. Situated on a 0.23-acre lot in a high-traffic area, this fully operational restaurant, the Olive Grille, has thrived for over thirteen years, boasting a loyal clientele. The sale includes all equipment and inventory, as detailed in the attached list. The spacious layout features a large dining area, a substantial banquet room perfect for events, and a charming outdoor courtyard ideal for weddings or other functions. Adding to its appeal is a four-bedroom, two-bathroom apartment located upstairs, offering potential for owner occupancy or rental income. The current owners are offering a unique transition opportunity, providing training and support to the new owner, even allowing the retention of the established Olive Grille name and menu if desired. This turnkey business offers a rare chance to own a successful, established restaurant with significant upside potential. The asking price is $485,000. This is a remarkable chance to realize your entrepreneurial aspirations in a vibrant community. Don't miss this exceptional opportunity.
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
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.