1 Photo

$295,000

121 Main Street

Pal Orig Town, Palmyra, Missouri, 63461

MLS® 26055611 · Listed by Ragar Realty

0 bedroomsCommercial Sale0 days on marketLot 4138.20$1,192 taxes (2025)Central Air

About this property

Formerly home to The Rebel Pig, this Main Street location offers an exceptional opportunity for an owner-operator, investor, or entrepreneur looking for a restaurant property with much of the costly infrastructure already in place. The main level features a functional restaurant and bar layout with commercial kitchen equipment including 2 commercial fryers , 48' flattop, 24' char grill and 6 top gas stove with oven , hood and fire suppression system, walk-in cooler and freezer, bar equipment, tables, chairs, fixtures, and additional equipment included with the sale. Major recent improvements include new HVAC units installed in 2026, eliminating a significant expense for the next owner. The property offers an inviting dining area, established bar space, commercial kitchen, and the infrastructure necessary to significantly reduce the time and expense associated with opening a restaurant from the ground up. A second floor provides substantial additional space and exciting redevelopment potential. While currently in need of renovation, the upper level could potentially be transformed into additional dining or event space, offices, apartments, short-term lodging, or other income-producing uses, subject to applicable zoning and approvals. A small basement is in good condition and provides useful additional storage and utility space. Located directly on Main Street in downtown Palmyra, the property benefits from excellent visibility and a recognizable location that has successfully served restaurant customers for years. Whether continuing its use as a restaurant and bar, creating a new dining concept, or exploring another commercial use, this property offers a unique combination of location, existing infrastructure, equipment, and future expansion potential that would be difficult and expensive to duplicate.

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Comparable recent sales

Sold records the MLS® data provider selected as comparable to this home — nearby recent sales at a similar price, bed count, and property type. Locations are shown at the neighborhood level only.

SoldJul 29, 2026

$285,000

Listed at $299,900

none, Hawk Point, Missouri

0 bd · 2800.00 sqft · Commercial Sale

SoldJul 13, 2026

$315,000

Listed at $365,000

Harvestowne #4, St Peters, Missouri

0 bd · 3000.00 sqft · Commercial Sale

SoldJun 19, 2026

$313,800

Listed at $355,000

J A Lacks, Washington, Missouri

0 bd · Commercial Sale

SoldJun 19, 2026

$300,000

Listed at $412,500

none, Union, Missouri

0 bd · Commercial Sale

SoldJun 26, 2026

$300,000

Listed at $350,000

Lafayette Square, St Louis, Missouri

0 bd · Commercial Sale

SoldJun 29, 2026

$307,000

Listed at $315,000

Weber Jacob Sub, Edwardsville, Illinois

0 bd · 3068.00 sqft · Commercial Sale

MLS® data for this listing last updated Aug 31, 2026.

Market snapshot

The Pal Orig Town, Palmyra market

Closed sales in Pal Orig Town, Palmyra over the last 12 months.

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Median sold price

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Avg. days on market