310 Main St Gravois Mills, MO 65037-6257
This iconic, profitable restaurant and lounge on approximately 1.5 acres is a well-established West-side Laurie tradition. Boasting over 290 feet of Highway 5 frontage, the property includes ample parking and significant room for expansion. The fully operational business serves a large and loyal clientele of both locals and tourists year-round, offering a diverse menu ranging from tacos to steaks, along with a full bar. The sale includes a substantial 50x100 foot RV storage building featuring seven units, one of which includes an oil pit and a loft suitable for an office. All equipment necessary for immediate operation is included, allowing for a seamless transition to new ownership. This turnkey opportunity presents a rare chance to acquire a thriving business with established brand recognition and significant growth potential in a desirable lakeside location. The property's prime highway frontage and expansive lot offer considerable flexibility for future development or expansion of the existing business. This is a truly exceptional opportunity for an experienced restaurateur or investor seeking a profitable and established business with significant upside.
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Chances R Restaurant & Lounge Restaurant
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.