307 Union StMcLouth, KS 66054

Property Details for 307 Union St

Year built

1930

Lot size

0.07 AC

Property size (Sq ft)

1,173 SF

Property type

Retail space

APN

203-08-0-20-05-009.01-0

APU

2030802005009010

Description

This exceptional commercial property, located at 307 S Union St in McLouth, Kansas, presents a unique investment opportunity. Situated in the heart of McLouth's downtown business district, this special purpose building offers high visibility and accessibility. Currently utilized as overflow storage by the adjacent liquor store (under the same ownership), the property boasts a spacious open floor plan, perfect for customization to suit a variety of retail or business uses. A private office and restroom are conveniently located at the rear of the building, adding to its functionality. Recent improvements include a brand new roof, minimizing future maintenance expenses and ensuring long-term durability. The asking price is $145,000, and flexible purchase terms are available, accommodating both cash and financing options. This property represents a compelling chance to acquire a well-positioned commercial asset in a thriving area, offering significant potential for return on investment. The property is zoned for commercial use and sits on land in Jefferson County, Kansas, zip code 66054. The building's size is not specified, but the open floor plan and additional office/restroom space provide ample room for various business configurations.

• CAP approach

  CAP return

  Valuation

  6%

  $308,431

  6.5%

  $284,705

  7%

  $264,369

• Comparable approach

  Method

  Valuation

  Relative Method

  $211,440

  Geo Method

  $211,440

• Alternative Use

  Use

  Valuation

  Residential

  $240,160

  Hospitality

  $219,985

  Educational

  $183,025

  Medical

  $189,319

  Retail

  $284,705

Location Insight

City

Mc Louth

County

Jefferson

State

Kansas

Latitude

39.1957

Longitude

-95.2087

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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