131 Thorp StMarion, KS 66861

Property Details for 131 Thorp St

Year built

1961

Lot size

0.76 AC

Property size (Sq ft)

7,000 SF

Property type

Bowling alleys

APN

183-05-0-10-03-004.00-0

APU

1830501003004000

Description

This exceptional commercial property in Marion, KS, presents a unique investment opportunity. The 7,000 square foot building sits on a 0.76-acre lot and houses a thriving bowling alley established in 1961, featuring eight well-maintained lanes and a loyal league following. The property also includes Willy J's Restaurant & Bar, opened in 2008, offering a full menu including burgers, fries, and salads. The restaurant and bar boast an inviting atmosphere, perfect for bowlers and the wider community. The bowling alley's versatile space is ideal for hosting special events, from birthday parties to corporate gatherings. Key features include a fully equipped kitchen with an auto-fry deep fryer, prep table, and refrigeration

• CAP approach

  CAP return

  Valuation

  6%

  $731,693

  6.5%

  $675,409

  7%

  $627,165

• Comparable approach

  Method

  Valuation

  Relative Method

  $380,540

  Geo Method

  $380,540

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,437,580

  Retail / Commercial

  $1,260,550

  Mixed-Use / Specialty

  $1,264,390

  Hospitality / Lodging

  $938,497

  Office

  $1,265,560

  Institutional / Educational

  $1,317,440

  Residential Income

  $1,541,400

  Multifamily

  $1,802,470

  Automotive / Energy

  $1,129,230

  Parking / Income-Based Land

  $381,450

  Restaurant / Food Service

  $675,409

  Healthcare / Senior Housing

  $1,288,070

Location Insight

City

Marion

County

Marion

State

Kansas

Latitude

38.3473

Longitude

-97.0077

Property Tax & Assessments

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