110 Main StChanute, KS 66720

Property Details for 110 Main St

Year built

1910

Construction

FRAME

Lot size

0.07 AC

Property size (Sq ft)

3,200 SF

Property type

Office buildings

APN

045-21-0-20-39-004.02-0

APU

452102039004020

Description

This well-maintained downtown Chanute, KS building presents a compelling investment opportunity. Located at 110 E Main Street, the property features a recently replaced roof and a newer HVAC system in excellent condition. Currently leased to Main Street Chanute, a reliable tenant with plans to remain in the space for the foreseeable future, providing immediate rental income. The main office space is in excellent condition, ready for continued occupancy. However, there is a smaller upstairs area that requires renovation, offering potential for added value and rental income upon completion. The building's prime downtown location offers high visibility and accessibility, making it an attractive proposition for both current and future tenants. The property is being offered at $59,900. While the exact square footage isn't specified, the building's size is suitable for its current use and offers potential for expansion or modification based on future tenant needs. The property sits on a lot with no acreage specified. This is an excellent chance to acquire a profitable commercial property in a thriving downtown area. The existing tenant and the building's solid condition minimize risk, making this an attractive investment for those seeking a stable and potentially high-yield return. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $538,483

  6.5%

  $497,061

  7%

  $461,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $228,896

  Geo Method

  $228,896

• Alternative Use

  Use

  Valuation

  Residential

  $616,355

  Hospitality

  $564,578

  Educational

  $469,722

  Medical

  $485,877

  Retail

  $730,679

Location Insight

City

Chanute

County

Neosho

State

Kansas

Latitude

37.6821

Longitude

-95.4513

Property Tax & Assessments

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