Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1021 S Main St McPherson, KS 67460

    View on Map
    Sponsored
    For Sale
    $235,000

    COMMERCIAL - McPherson, KS

    Days on Market:
    20
    Last Refresh:
    Mar 9 at 11:06 pm

    Property Features for 1021 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0591383302012007000
    Parking features
    Parking Lot
    Basement
    Concrete

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1940
    Flooring type
    Vinyl, Concrete
    Building materials
    Block, Frame
    Roof type
    Flat

    We can help!

    Listing Contact
    Marsha Silver
    Marsha Silver

    Four Seasons Realtors, Inc. (620) 241-1514

    Listing agent Marsha Silver (620) 241-1514

    Listing date Feb 17, 2026

    MLS# 49605

    Copyright © 2026 Mid-Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Building, McPherson, Kansas

    This commercial building in McPherson, Kansas, presents multiple options for use. It features two retail or office spaces, each with separate entrances, bathroom facilities, and individual HVAC systems. One bathroom is handicap accessible. The property also includes a large warehouse space with three overhead doors. The third bay is separated from the other two and is metered separately. The building has four electrical meters, three gas meters, and one water meter.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stull Gallery & Auction, ... Trade Show Venue

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    MKC, MKC, MKC, Affordable Storage, You Store It

    Location Insight

    • Map
    • Local Demand
    City
    McPherson
    County
    McPherson
    State
    Kansas
    Longitude
    -97.666564
    Latitude
    38.35941

    Nearby Similar for Sale

    • New
      $1,100,000
      6,000 SF

      Established Dog Daycare Facility

      Turnkey dog daycare, boarding, and grooming facility with retail potential.
      911 W 1St St, McPherson, KS 67460
      View Details
    • $328,500
      0.92 Acres

      Commercial Property on Highway 81

      High-visibility commercial property with retail, shop, and storage spaces.
      429 N Hwy 81 Byp, McPherson, KS 67460
      View Details
    • $315,000
      3,088 SF

      Multi-Unit Duplex with Investment Potential

      Inviting duplex on a corner lot with generous living spaces.
      600-606 N Cherry St, McPherson, KS 67460
      View Details
    • $89,500
      6,480 SF

      Downtown Main Street Retail Space

      Retail property in the heart of downtown Main Street.
      214 S Main St, McPherson, KS 67460
      View Details
    • Contact for pricing
      5,776 SF

      Downtown McPherson Office Investment

      Single-tenant office building with a long-term lease.
      115 E Euclid St, McPherson, KS 67460
      View Details
    • $6,750,000
      3.00 Acres

      Hampton Inn McPherson, KS

      Profitable Hotel, Prime Location
      200 Centennial Dr, McPherson, KS 67460
      View Details
    • Contact for pricing
      3.00 Acres

      Prime McPherson Retail Pads

      High-traffic I-135 storefront opportunity.
      I-135 And Kansas Ave, McPherson, KS 67460
      View Details

    FAQs

    What type of property is this?
    Warehouse - Commercial building with retail, office, and warehouse spaces for sale.
    Where is this warehouse located?
    The property is located at 1021 S Main St McPherson, KS.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: - Multiple Use Options: Retail/Office spaces and warehouse space offer diverse income or business possibilities.; - Separate Entrances & HVAC: Two retail/office spaces each have their own entrances and HVAC systems.; - Warehouse with 3 Overhead Doors: Large warehouse space includes three overhead doors for easy access.
    (620) 480-7194
    Request Owner's contact information
    1021 S Main St McPherson, KS 67460
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1021 S Main St
    McPherson, KS 67460
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1021 S Main St McPherson, KS 67460
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Marsha Silver
    Marsha Silver
    Real Estate License ID: SP00226516
    (620) 480-7194 (620) 241-1514
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!