114 Main StHillsboro, KS 67063

Property Details for 114 Main St

Year built

1900

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

1,200 SF

Property type

Retail space

APN

138-34-0-30-08-009.00-0

APU

1383403008009000

Description

This 3,750 square foot building presents a unique opportunity for investors and developers seeking a project in the heart of Hillsboro, Kansas. Situated on a 0.09-acre lot at 114 S Main Street, this property offers significant potential for redevelopment. The building is currently in need of substantial rehabilitation, providing a blank canvas for a buyer to create their ideal space. The downtown Hillsboro location offers high visibility and accessibility, making it an attractive site for a variety of commercial uses. The existing structure provides a solid foundation for a complete renovation, allowing for customization to suit a wide range of business needs. This is a rare chance to acquire a property in a desirable location at an attractive price point. The 0.09-acre lot offers ample space for potential expansion or outdoor amenities. With some vision and investment, this property can be transformed into a thriving commercial asset. The substantial square footage allows for multiple uses, from retail to office space, or even a mixed-use development. This is an exceptional opportunity to capitalize on the potential of a prime downtown location in Hillsboro, Kansas. The price of $45,000 reflects the need for renovation, presenting a significant value proposition for the right buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $304,852

  6.5%

  $281,402

  7%

  $261,302

• Comparable approach

  Method

  Valuation

  Relative Method

  $216,307

  Geo Method

  $216,307

• Alternative Use

  Use

  Valuation

  Residential

  $237,373

  Hospitality

  $217,432

  Educational

  $180,901

  Medical

  $187,123

  Retail

  $281,402

Location Insight

City

Hillsboro

County

Marion

State

Kansas

Latitude

38.3539

Longitude

-97.2043

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].