For Sale
$157,000

120 Lincoln St Lindsborg, KS 67456

Prime Lindsborg commercial land, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity in Lindsborg, Kansas, presents a 2,450 square foot commercial land parcel at 120 W Lincoln St, zip code 67456. The property boasts three distinct spaces, all currently leased, generating a combined monthly rental income of $1,125. The front retail space, totaling 700 square feet, has recently undergone renovations, including new interior paint, flooring, lighting, and a modernized restroom. This area also features a mini-split HVAC unit and a dedicated electrical meter. The middle space, occupied by Smoky Valley Printing, measures 825 square feet and includes a mini-split HVAC unit, restroom, and separate electrical meter. Finally, a 925 square foot warehouse space in the rear offers concrete flooring and the potential for a garage door accessing the alley. While this warehouse is unheated and uncooled, it provides excellent storage. Tenants are responsible for electricity, while the landlord covers water and trash expenses. The building is currently all-electric, though gas service is available. The City of Lindsborg permits the use of the two rear spaces as potential living quarters, presenting a unique opportunity for owner-occupancy or a live-work arrangement. This property represents a strong cash-flowing investment with significant upside potential.

Highlights

  • Exceptional investment opportunity: 2,450 SF commercial land parcel in Lindsborg, KS (67456) at 120 W Lincoln St.
  • Three leased spaces generating $1,125/month in combined rental income.
  • Renovated 700 SF front retail space with mini-split HVAC, dedicated meter, and modern restroom.
  • 825 SF middle space (Smoky Valley Printing) with mini-split HVAC, restroom, and separate meter.
  • 925 SF rear warehouse space with concrete floor; potential for alley access and live/work conversion (city permits allow).

Property Details for 120 Lincoln St

Property type
Land
Square Feet
2,450 SF

Location Insight

City
Lindsborg
County
McPherson
State
Kansas
Latitude
38.5737123
Longitude
-97.6769609

FAQs

What type of property is this?
Land - Prime Lindsborg commercial land, high rental income.
Where is the land located?
The property is located at 120 Lincoln St Lindsborg, KS.
What is the asking price?
The asking price for this property is $157,000.
What are key features of this property?
This property features: Exceptional investment opportunity: 2,450 SF commercial land parcel in Lindsborg, KS (67456) at 120 W Lincoln St.; Three leased spaces generating $1,125/month in combined rental income.; Renovated 700 SF front retail space with mini-split HVAC, dedicated meter, and modern restroom.
How can I contact the broker?
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120 Lincoln St
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