202 Main StMarion, KS 66861

Property Details for 202 Main St

Year built

1900

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

5,732 SF

Property type

Retail space

APN

119-32-0-30-39-002.00-0

APU

1193203039002000

Description

This exceptional 3,695 square foot building, situated on a 0.17-acre lot at 202 E Main St in Marion, Kansas, presents a rare investment opportunity. Originally a carriage house, this property boasts remarkable historical features, including the original carriage elevator and numerous preserved windows, offering a captivating blend of character and potential. The building's most recent use was as a restaurant, and its prime Main Street location makes it ideally suited for a variety of commercial ventures. Imagine transforming this space into a thriving restaurant, a unique boutique store, or a mixed-use property incorporating a stunning upstairs living area. The possibilities are endless. All existing equipment is included in the sale, providing a head start on your vision. This is a chance to own a piece of Marion's history and contribute to its vibrant future. The asking price is $55,000. Don't miss this opportunity to acquire a truly one-of-a-kind property in a desirable location. The building's rich history and prime location combine to create an exceptional investment prospect with significant upside potential. Contact the listing office for further details and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,118,230

  6.5%

  $1,032,210

  7%

  $958,484

• Comparable approach

  Method

  Valuation

  Relative Method

  $426,410

  Geo Method

  $426,410

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,996,030

  Mixed-Use / Specialty

  $1,035,360

  Hospitality / Lodging

  $768,495

  Office

  $1,036,320

  Institutional / Educational

  $1,078,790

  Residential Income

  $1,262,190

  Multifamily

  $1,475,970

  Automotive / Energy

  $924,681

  Parking / Income-Based Land

  $312,353

  Restaurant / Food Service

  $553,063

  Healthcare / Senior Housing

  $1,054,740

Location Insight

City

Marion

County

Marion

State

Kansas

Latitude

38.3484

Longitude

-97.0209

Property Tax & Assessments

FAQs

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