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    2492 Santa Fe Ave Chanute, KS 66720

    For Sale
    $289,000

    Walmart-adjacent, 3.2 acres, high visibility.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    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 Features for 2492 Santa Fe Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    139,392 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chanute
    County
    Neosho
    State
    Kansas
    Longitude
    -95.45255
    Latitude
    37.65627

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    FAQs

    What type of property is this?
    Commercial real estate - Walmart-adjacent, 3.2 acres, high visibility.
    Where is this commercial real estate located?
    The property is located at 2492 Santa Fe Ave Chanute, KS.
    What is the asking price?
    The asking price for this property is $289,000.
    (620) 380-6370
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    Realmo Value Estimation

    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.

    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.

    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
    2492 Santa Fe Ave Chanute, KS 66720
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