211 Market StLaCygne, KS 66040

Property Details for 211 Market St

Year built

1986

Lot size

0.34 AC

Property size (Sq ft)

1,980 SF

Property type

Grocery and convenience stores

APN

092-04-0-20-03-001.00-0

APU

920402003001000

Description

This exceptional investment opportunity presents a 0 square foot office building located at 211 E Market St, Lacygne, Kansas, 66040. Listed at $72,000, this property offers significant potential for redevelopment or repurposing. The building's address is conveniently situated in Lacygne, within Miami County (County Code: 20107), providing easy access to local amenities and transportation routes. The precise dimensions and internal layout of the building are not currently specified, requiring further investigation by prospective buyers. Given the listed square footage of 0, it's crucial to conduct a thorough site visit and due diligence to assess the property's actual usable space and condition. This property is classified as an office building, presenting a blank canvas for various commercial ventures. The absence of detailed building highlights underscores the need for a comprehensive inspection to determine the building's structural integrity, systems functionality, and overall suitability for intended use. Prospective investors should be prepared to undertake necessary renovations or improvements to adapt the space to their specific business needs. This presents a unique opportunity to create a tailored commercial space in a desirable Kansas location. The asking price reflects the potential for significant value appreciation after improvements and development. All interested parties are encouraged to conduct their own independent due diligence before making an offer.

• CAP approach

  CAP return

  Valuation

  6%

  $522,829

  6.5%

  $482,611

  7%

  $448,139

• Comparable approach

  Method

  Valuation

  Relative Method

  $356,906

  Geo Method

  $356,906

• Alternative Use

  Use

  Valuation

  Residential

  $407,101

  Hospitality

  $372,902

  Educational

  $310,250

  Medical

  $320,920

  Retail

  $482,611

Location Insight

City

La Cygne

County

Linn

State

Kansas

Latitude

38.3451

Longitude

-94.7639

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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