110 Elson StKirksville, MO 63501

Property Details for 110 Elson St

Year built

1900

Lot size

0.04 AC

Property size (Sq ft)

3,888 SF

Property type

Bars

Property subtype

Pubs

APN

13-02.0-09-002-21-08.000

APU

13020090022108000

Description

Prime opportunity to acquire TP's Office Bar, a well-established Kirksville, MO institution operating for over 35 years. This profitable business is housed in a two-story, 3,672 square foot building located at 110 S Elson St, in the heart of Kirksville, a vibrant college town home to Truman State University, ATSU, and the Missouri School of Dentistry. The asking price is $365,000, translating to $99.40 per square foot. The property is zoned for general commercial use, presenting a significant value-add potential. The upper floor offers versatile space, ideal for leasing as apartments, retail space, or offices, generating additional income streams. All bar furniture, fixtures, and equipment are included in the sale. While currently not serving food, the bar features a kitchen area equipped for food service, allowing a new owner to expand offerings. TP's Office Bar enjoys consistent high volume sales, particularly during college seasons and sporting events, attracting both students and local residents. This turnkey operation presents a unique blend of established business and real estate investment in a thriving Missouri market. The property is a single-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,071,333

  6.5%

  $988,922

  7%

  $918,285

• Comparable approach

  Method

  Valuation

  Relative Method

  $763,833

  Geo Method

  $763,833

• Alternative Use

  Use

  Valuation

  Residential

  $834,193

  Hospitality

  $764,116

  Educational

  $635,736

  Medical

  $657,600

  Retail

  $988,922

Location Insight

City

Kirksville

County

Adair

State

Missouri

Latitude

40.1944

Longitude

-92.5846

CBSA code

28860

CBSA name

KIRKSVILLE, MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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