1030 Madison StJunction City, KS 66441

Property Details for 1030 Madison St

Year built

1988

Construction

FRAME

Lot size

1.06 AC

Property size (Sq ft)

1,860 SF

Property type

Office properties

APN

116-14-0-10-07-012.00-0

APU

1161401007012000

Description

This exceptional commercial property, located at 1030 S. Madison Street in Junction City, Kansas, presents a fantastic investment opportunity. The 1,860 square foot office building sits on a generous 25,950 square foot lot, offering ample parking directly in front. Its convenient location provides easy access to I-70, ensuring high visibility and convenient commutes for employees and clients. The well-maintained building features a large office space that is easily divisible, making it ideal for a single business or two separate occupants. Each potential space would have access to two bathrooms. Furthermore, a full, unfinished basement provides substantial storage capacity, adding significant value and utility. The asking price for this property is $210,000. This presents a rare opportunity to acquire a versatile and well-situated commercial property in a thriving Kansas community. The property is zoned for commercial use and is ready for immediate occupancy. The address is 1030 S. Madison Street, Junction City, KS 66441.

• CAP approach

  CAP return

  Valuation

  6%

  $321,443

  6.5%

  $296,716

  7%

  $275,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $133,046

  Geo Method

  $133,046

• Alternative Use

  Use

  Valuation

  Residential

  $367,928

  Hospitality

  $337,020

  Educational

  $280,397

  Medical

  $290,040

  Retail

  $436,173

Location Insight

City

Junction City

County

Geary

State

Kansas

Latitude

39.0114

Longitude

-96.8357

CBSA code

31740

CBSA name

MANHATTAN, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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