Property profile

2492 Santa Fe Ave Chanute, KS 66720

OFF-MARKET
Commercial real estate
3.2 ac lot
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Property summary

AI-generated overview

This exceptional 3.2-acre commercial tract, located at 2492 S Santa Fe Avenue in Chanute, Kansas, presents a remarkable investment opportunity. Situated directly north of the Walmart property, this highly visible parcel boasts 220 feet of frontage on South Santa Fe Avenue and extends 633 feet in depth, offering significant development potential. Its strategic location within an established retail corridor ensures high traffic volume and excellent exposure for any business. The property's versatility allows for a wide range of uses, including retail, office, restaurant, convenience store, or a multi-tenant strip center. Priced competitively at $289,000 ($1,450 per frontage foot), this represents an outstanding value in a prime commercial location. The seller is open to considering proposals for dividing the property, with a shared center driveway and mutual access easements to be established in the event of a division. This presents a unique opportunity to acquire a portion of this highly desirable land, tailored to specific business needs. Don't miss this chance to secure a prominent location in a thriving commercial area.

Property profile

Verified
Property type Commercial real estate
Lot 3.2 ac (139,392 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2492 Santa Fe Ave Chanute, KS 66720
Chanute metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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