Sign Up Successful!
You now have access to more from Realmo!
    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

    201 Vine St Cherokee, KS 66724

    Sponsored
    For Sale
    $125,000

    Restaurant, Bar, & Land - Turnkey!

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    359
    This exceptional commercial property in Cherokee, Kansas, presents a unique investment opportunity. Priced at $125,000, this turnkey business includes a well-established restaurant and bar known for its high-quality steaks, operating successfully for 17 years. The current owners are retiring and offering the entire operation, including all inventory (excluding a few personal items), for a seamless transition. The sale encompasses two buildings situated on a 0.13-acre lot, offering significant potential for expansion. The property's existing infrastructure includes a generator. The seller is open to negotiations and eager to share their extensive operational knowledge with a prospective buyer. The versatile space allows for various business ventures, and there's ample room to add an outdoor seating area, construct additional buildings, or even develop a residential component. A key feature is the potential to access original ceilings above the current ones, offering further expansion possibilities. This is a rare chance to acquire an established business with significant growth potential in a desirable location. The property is being sold "as is."

    Property Features for 201 Vine St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Becky McDaniel

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Idle-A-While Bar

    Suggested Use

    Restaurant Law Firm Spa & Massage Auto Repair Shop Hair Salon Nail Salon Department Store Grocery Store Bar & Pub Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cherokee
    County
    Crawford
    State
    Kansas
    Longitude
    -94.8206
    Latitude
    37.34435

    Nearby Comparable

    • $480,000
      80.00 Acres

      80 Acres of Vacant Land

      Hunting and agricultural land near Pittsburg and Cherokee, Kansas.
      00000 Weir Ks 66781, Weir, KS 66781
      View Details
    • $99,000
      Pending

      Metal Building in Weir, Kansas

      48x80 metal building with electric on a 1-acre lot.
      503 S Dreher Ave, Weir, KS 66781
      View Details
    • $275,000
      10,000 SF

      Scammon Mini Storage Opportunity

      Value-add storage facility in Scammon, Kansas, near Pittsburg.
      00000 W Katy St, Scammon, KS 66773
      View Details
    • Contact for pricing
      0.35 Acres

      Pittsburg Retail Pad Site For Sale

      High-traffic location, prime retail space.
      69 By-Pas, Pittsburg, KS 66762
      View Details
    • $399,000
      20.00 Acres

      Highway 69 Commercial Land

      20 Acres, Pittsburg, KS - $399,000
      69 Hwy, Pittsburg, KS 66762
      View Details
    • $500,000
      Pending

      Industrial Facility on Rail Spur

      55,000 SF industrial facility on 10 acres with rail access.
      748 E 520Th Ave, Pittsburg, KS 66762
      View Details
    • $170,000
      4.00 Acres

      Highway Frontage Land Near Casino

      4-acre commercial land with highway frontage near Kansas Crossing Casino.
      NE Village Ln, Pittsburg, KS 66762
      View Details
    • $425,000
      3 SF

      Land Adjacent to Meadowbrook Mall

      3.10 acre lot with highway visibility near shopping complex.
      101 W Centennial Dr, Pittsburg, KS 66762
      View Details
    • Contact for pricing
      2,079 SF

      West Mineral Commercial Opportunity

      Highway frontage commercial building in West Mineral, Kansas.
      222 Richardson Ave, West Mineral, KS 66782
      View Details
    • $50,000
      1,881 SF

      Updated Brick Building Near Big Brutus

      Two-story brick building with structural and utility updates, ready for buildout.
      305 Mcclung Ave, West Mineral, KS 66782
      View Details
    • $145,000

      Pittsburg, KS Commercial Land Opportunity

      Prime Corner Lot, 15,400 SF, $145,000
      1002 4Th St, Pittsburg, KS 66762
      View Details
    • $350,000
      0.40 Acres

      Pittsburg Multifamily Investment Opportunity

      15-unit multifamily property near stadium and university, ready for renovation.
      1910 S Joplin St, Pittsburg, KS 66762
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Restaurant, Bar, & Land - Turnkey!
    Where is this commercial real estate located?
    The property is located at 201 Vine St Cherokee, KS.
    What is the asking price?
    The asking price for this property is $125,000.
    Request Owner's contact information
    201 Vine St Cherokee, KS 66724
    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.
    201 Vine St
    Cherokee, KS 66724
    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
    201 Vine St Cherokee, KS 66724
    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
    Becky McDaniel
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.