404 Kansas AveLane, KS 66042

Property Details for 404 Kansas Ave

Year built

1920

Construction

FRAME

Lot size

0.15 AC

Property size (Sq ft)

735 SF

Property type

Retail space

APN

208-33-0-40-03-009.00-0

APU

2083304003009000

Description

This exceptional 1-story commercial building, located at 404 S Kansas Avenue in Lane, Kansas, presents a unique investment opportunity. Built in 1920, this property boasts a rich history, previously serving as a bank and more recently as a chiropractor's office. The asking price is $45,000. The building's character is undeniable, featuring exposed stone walls, attractive hardwood floors, and a striking embossed metal ceiling. A remarkable vestige of its banking past is a vault door with impressively thick (2-foot) walls, adding a unique architectural element and potential for creative use. Situated in the heart of Lane, Kansas (zip code 66042), this retail and/or office space offers a blend of historical charm and modern adaptability. Its prime location within Franklin County, Kansas, provides excellent visibility and accessibility. The property's versatile layout allows for a variety of business ventures, making it an ideal choice for entrepreneurs seeking a distinctive and memorable space to establish their presence. This is a rare opportunity to own a piece of Lane's history and build a thriving business in a vibrant community.

• CAP approach

  CAP return

  Valuation

  6%

  $181,814

  6.5%

  $167,828

  7%

  $155,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $132,488

  Geo Method

  $132,488

• Alternative Use

  Use

  Valuation

  Residential

  $141,569

  Hospitality

  $129,677

  Educational

  $107,889

  Medical

  $111,600

  Retail

  $167,828

Location Insight

City

Lane

County

Franklin

State

Kansas

Latitude

38.4404

Longitude

-95.0846

CBSA code

36840

CBSA name

OTTAWA, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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