117 Walnut StRogers, AR 72756

Property Details for 117 Walnut St

Lot size

0.15 AC

Property size (Sq ft)

8,648 SF

Property type

Retail properties

Property subtype

Bars

APN

02-02186-000

APU

202186000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,108,177

  6.5%

  $1,022,933

  7%

  $949,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,558,850

  Geo Method

  $1,558,850

• Alternative Use

  Use

  Valuation

  Residential

  $862,882

  Hospitality

  $790,395

  Educational

  $657,600

  Medical

  $680,216

  Retail

  $1,022,933

Location Insight

City

Rogers

County

Benton

State

Arkansas

Latitude

36.3335

Longitude

-94.1171

CBSA code

22220

CBSA name

FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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