408 Maple StChetopa, KS 67336

Property Details for 408 Maple St

Year built

1900

Lot size

0.08 AC

Property size (Sq ft)

2,112 SF

Property type

Retail space

APN

208-34-1-40-25-004.00-0

APU

2083414025004000

Description

This exceptional investment opportunity presents two adjacent commercial buildings located at 408 and 410 Maple Street in the heart of Chetopa, Kansas. The combined buildings offer a substantial 3,400 square feet of space, presenting a versatile canvas for redevelopment. Currently configured as a former auto supply store, the property is being offered for sale as-is, with a motivated seller seeking a cash contract. The buildings sit on a combined lot with no additional acreage. The property's prime downtown location offers significant potential for a variety of uses, including continued commercial operation or conversion to residential units. This is a unique chance to acquire two buildings at a highly attractive price point. The seller is highly motivated to finalize a sale quickly. The buildings are sold as-is, reflecting their current condition and requiring renovation or rehabilitation to reach their full potential. Given the size and location, this property represents a compelling investment opportunity for those seeking a project with significant upside. The combined square footage provides ample space for a variety of business ventures or residential conversions. The central location within Chetopa's downtown shopping district ensures high visibility and accessibility. Serious inquiries are encouraged to explore this unique opportunity to acquire a substantial property at a significantly discounted price. Cash offers only.

• CAP approach

  CAP return

  Valuation

  6%

  $270,637

  6.5%

  $249,819

  7%

  $231,975

• Comparable approach

  Method

  Valuation

  Relative Method

  $380,700

  Geo Method

  $380,700

• Alternative Use

  Use

  Valuation

  Residential

  $210,732

  Hospitality

  $193,029

  Educational

  $160,598

  Medical

  $166,121

  Retail

  $249,819

Location Insight

City

Chetopa

County

Labette

State

Kansas

Latitude

37.0366

Longitude

-95.0881

CBSA code

37660

CBSA name

PARSONS, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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