103 N Allen Street, Centralia, MO 65240

Property Description

A rare opportunity to own a turn-key commercial property on the main downtown corridor, steeped in local history and primed for immediate operation. Formerly home to the much-loved Allen Street Social, this fully renovated restaurant space blends proven location appeal with extensive recent upgrades—allowing a new owner to step in with confidence from day one. The main level features a fully equipped commercial kitchen with significant recent improvements, including an Americold freezer, regularly maintained Larkin hood system, a third fryer, new Cook Rite equipment, added walk-in cooler and warmer, and a replaced sink—creating an efficient, high-capacity back-of-house setup. The fully equipped bar anchors the space, while the thoughtfully added side patio—complete with tables, chairs, pergola, and TV—offers an inviting outdoor atmosphere ideal for game days and casual gatherings. Additional value is found in the vacant parcel next door, included with the property, providing flexibility for expansion, additional outdoor seating, or future development. A security system with video cameras is already in place. A pool table and TouchTunes jukebox are currently leased through an outside vendor and may either remain in place or be easily returned, depending on the buyer's preference. Above the restaurant, the property includes a spacious 2-bedroom, 1-bath apartment, offering excellent supplemental income or owner-occupant potential. The unit features a large kitchen with island, walk-in closets, washer/dryer hookups, and additional storage. With its prime downtown visibility, extensive renovations, income-producing residential unit, and expansion potential, this property presents an exceptional opportunity for restaurateurs, investors, or entrepreneurs seeking a landmark location with built-in character and modern infrastructure.