212 Market StCenterville, KS 66014

Property Details for 212 Market St

Year built

1910

Construction

FRAME

Lot size

0.17 AC

Property size (Sq ft)

1,820 SF

Zone code

R1

Property type

Retail space

APN

144-17-0-10-11-010.00-0

APU

1441701011010000

Description

This unique 1,820 square foot building located at 212 E Market Street in Centerville, Kansas, presents a compelling investment opportunity. Previously operating as a feed store, this historical structure boasts a distinctive tin roof and offers a blend of character and adaptability. The property sits on a 0-acre lot and features well water and propane utilities. A notable feature is a remodeled walk-in cooler, retaining its original door and overhead cooling system, currently repurposed as a bathroom. An office space is equipped with a window air conditioning unit. The building also includes substantial metal shelving, currently utilized for storage. The property's zoning in unincorporated Centerville allows for flexible redevelopment, making it suitable for conversion into a residence or a variety of commercial ventures. The building's history and existing infrastructure provide a solid foundation for a creative renovation project, catering to diverse business or residential needs. The asking price is $47,500. This presents a rare chance to acquire a piece of Centerville's history and shape its future. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $376,187

  6.5%

  $347,250

  7%

  $322,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $135,392

  Geo Method

  $135,392

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $705,812

  Mixed-Use / Specialty

  $334,438

  Hospitality / Lodging

  $230,299

  Office

  $320,397

  Institutional / Educational

  $343,545

  Residential Income

  $401,948

  Multifamily

  $546,235

  Automotive / Energy

  $294,467

  Parking / Income-Based Land

  $113,051

  Restaurant / Food Service

  $149,244

  Healthcare / Senior Housing

  $354,829

Location Insight

City

Centerville

County

Linn

State

Kansas

Latitude

38.2192

Longitude

-95.0141

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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