112 Lincoln StLindsborg, KS 67456

Property Details for 112 Lincoln St

Year built

1900

Construction

FRAME

Property size (Sq ft)

785 SF

Property type

Retail space

APN

034-17-0-20-29-014.01-1

APU

341702029014011

Description

This exceptional 8,455 square foot commercial land parcel, located at 112 W Lincoln St in the heart of historic downtown Lindsborg, Kansas (zip code 67456), presents a unique investment opportunity. The property, completely remodeled in 2018, boasts a substantial list of improvements. Features include a VIP suite with kitchenette and sitting area, a honeymoon suite, and 18 guest rooms each equipped with new bathrooms, mattresses, linens, custom window coverings, and individual climate control. A spacious lobby area provides ample space for guests. The property also includes an industrial kitchen with a serving area and large breakfast room, a gift shop, and a cozy fireplace area. The remodeled basement functions as both a wine cellar and a storm shelter. Extensive renovations include new plumbing, electrical systems, paint, and flooring throughout. This turnkey property is ready for immediate use and offers significant potential for a variety of commercial ventures. The property's prime location in the vibrant downtown area ensures high visibility and accessibility. This is a rare opportunity to acquire a meticulously maintained and updated commercial property in a desirable Kansas location.

• CAP approach

  CAP return

  Valuation

  6%

  $195,087

  6.5%

  $180,080

  7%

  $167,217

• Comparable approach

  Method

  Valuation

  Relative Method

  $238,017

  Geo Method

  $238,017

• Alternative Use

  Use

  Valuation

  Residential

  $151,904

  Hospitality

  $139,144

  Educational

  $115,766

  Medical

  $119,747

  Retail

  $180,080

Location Insight

City

Lindsborg

County

Mcpherson

State

Kansas

Latitude

38.5736

Longitude

-97.6765

CBSA code

32700

CBSA name

MCPHERSON, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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