415 Iron AveSalina, KS 67401

Property Details for 415 Iron Ave

Year built

1977

Construction

FRAME

Lot size

0.41 AC

Property size (Sq ft)

6,880 SF

Property type

Office buildings

APN

086-13-0-20-02-006.00

APU

86130200200600

Description

This charming two-story, 5,344 square foot traditional office building, constructed in 1890 and renovated in 1977, is located at 415 E Iron Ave, Salina, KS 67401. The property sits on an 18,000 square foot lot and is zoned C-3. The building features multiple tenancies, offering a variety of office spaces on both the main and upper levels. Amenities include a common area waiting room, break room, restrooms, and a conference room. Convenient off-street and on-street parking is available. The Krug Building enjoys excellent visibility on East Iron Avenue, in close proximity to the Salina Community Theatre, Blackwell & Struble Law Office, Allure Downtown Salon & Spa, and Kansas Physical Therapy Partners. This property presents a unique opportunity in a desirable location within Saline County. The building does not include elevators. A virtual tour is available.

• CAP approach

  CAP return

  Valuation

  6%

  $1,188,992

  6.5%

  $1,097,531

  7%

  $1,019,136

• Comparable approach

  Method

  Valuation

  Relative Method

  $693,493

  Geo Method

  $693,493

• Alternative Use

  Use

  Valuation

  Residential

  $1,360,938

  Hospitality

  $1,246,612

  Educational

  $1,037,167

  Medical

  $1,072,836

  Retail

  $1,613,370

Location Insight

City

Salina

County

Saline

State

Kansas

Latitude

38.8409

Longitude

-97.6048

CBSA code

41460

CBSA name

SALINA, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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