116 Main StSylvan Grove, KS 67481

Property Details for 116 Main St

Year built

1890

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

5,150 SF

Property type

Retail space

APN

156-13-0-20-14-005.01-0

APU

1561302014005010

Description

Prime commercial opportunity in Sylvan Grove, Kansas, awaits a new owner. This turnkey business, housed in a historic limestone building at 116 N Main St, encompasses a thriving convenience store, a well-established restaurant and bar, and a covered garage/storage area (35' x 13'). The property sits on a 6,958 sq ft lot and boasts a total of 5,319 sq ft of space within its single-story structure, built in 1890. All furnishings, fixtures, equipment, and inventory are included in the sale price of $125,000. The property is zoned for commercial/retail use and offers a unique blend of established businesses in a vibrant small town. Sylvan Grove's location, approximately 8 miles from Wilson Lake (known for its exceptional clarity), provides access to a recreational area popular for hunting, boating, and fishing. The town also features an active livestock sale barn, contributing to a strong local economy. This fee-simple ownership presents a rare chance to acquire a well-positioned, multi-faceted business in a desirable Kansas community. The property's Class C designation reflects its age and character, adding to its unique charm and potential. This is a complete package ready for immediate operation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,166,792

  6.5%

  $1,077,039

  7%

  $1,000,108

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,561,513

  Geo Method

  $1,561,513

• Alternative Use

  Use

  Valuation

  Residential

  $908,523

  Hospitality

  $832,202

  Educational

  $692,382

  Medical

  $716,194

  Retail

  $1,077,039

Location Insight

City

Sylvan Grove

County

Lincoln

State

Kansas

Latitude

39.0116

Longitude

-98.3928

Property Tax & Assessments

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