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    315 Market St Emporia, KS 66801

    For Sale
    $375,000

    Prime Commercial Redevelopment Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 13,978 square foot, two-story building presents a unique investment opportunity in Emporia, Kansas. Formerly the Kansas Avenue School, this historic property boasts a rich history and sits on a one-acre lot, offering significant potential for adaptive reuse or redevelopment. The expansive layout includes seven spacious classrooms, four offices, and numerous additional rooms, providing ample flexibility for a variety of commercial uses. The building's features include an elevator, ensuring convenient access to both floors. The substantial size and versatile floor plan allow for creative customization to meet diverse needs. Imagine transforming this landmark building into a thriving business center, a unique residential development, or a specialized facility. The possibilities are virtually limitless. The property's location in Emporia offers excellent visibility and accessibility, making it an attractive proposition for entrepreneurs and investors alike. The building's solid construction and substantial size provide a strong foundation for a successful future. While the interior is currently awaiting its next chapter, the included virtually staged images offer a glimpse into the potential for modern, functional spaces. This is a rare chance to acquire a piece of Emporia's heritage and shape its future. The asking price is $375,000.

    Property Features for 315 Market St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1920
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kansas Avenue School School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Emporia
    County
    Lyon County
    State
    Kansas
    Longitude
    -96.17809
    Latitude
    38.39359

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Redevelopment Opportunity
    Where is this commercial real estate located?
    The property is located at 315 Market St Emporia, KS.
    What is the asking price?
    The asking price for this property is $375,000.
    (913) 322-7500
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    315 Market St Emporia, KS 66801
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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
    315 Market St Emporia, KS 66801
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