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    5 Peoria St Louisburg, KS 66053

    For Sale
    $699,000

    Prime Office/Retail Space, 33,000 sq ft

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 33,000 square foot building presents a remarkable investment opportunity in the heart of Louisburg, Kansas. Originally serving as a school and later City Hall, this meticulously maintained historic structure boasts a wealth of recent upgrades, including a new roof (installed in 2020), completely updated electrical and plumbing systems, and replacement of HVAC split systems as needed. Its versatile layout is ideal for multi-use office and retail purposes, with existing tenants including a boutique, antique shop, home furnishings business, and a hair salon occupying the main floor. Two separate staircases and a functioning elevator provide convenient access to the second floor, which features numerous private office suites, many currently leased on a month-to-month basis to long-term tenants. Several vacant units are available for immediate occupancy. The building includes three sets of public restrooms and two suites with private bathrooms. A unique feature is a large second-floor room, previously used as a dance studio, complete with a mirrored wall and expansive views. An ADA-compliant ramp ensures accessibility at the front entrance. Situated on a 1.22-acre lot, this property benefits from its location in the thriving town of Louisburg, just 15 minutes from Overland Park, offering significant growth potential and convenient access to a larger metropolitan area. The asking price is $699,000.

    Property Features for 5 Peoria St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    53,143 SF

    Building Details

    Year Built
    1929
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Louisburg Building Inspector City Government Office Municipal Utilities Utility Contractor Down Home Renewed Furniture Store Randolph Carter Ent ... Freight Forwarding Service Louisburg City Clerk City Government Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisburg
    County
    Miami
    State
    Kansas
    Longitude
    -94.67963
    Latitude
    38.6206

    Nearby Comparable

    • $699,000

      Historic Louisburg Office Building

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      5 Peoria St, Louisburg, KS 66053
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      Louisburg Warehouse on Metcalf Road

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      704 S Metcalf Rd, Louisburg, KS 66053
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      Louisburg Office Space For Sale

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    • $999,900
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      Louisburg Multifamily Land Investment

      15.97 Acres, Prime Development
      0 Metcalf Ave, Louisburg, KS 66053
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    Nearby Similar for Sale

    • $295,000
      0.45 Acres

      Louisburg Warehouse on Metcalf Road

      Commercial property with high visibility on Metcalf Road in Louisburg.
      704 S Metcalf Rd, Louisburg, KS 66053
      View Details
    • Contact for pricing
      0.25 Acres

      Louisburg Office Space For Sale

      850 sq ft office space in Louisburg, Kansas.
      7420 K68 Hwy, Louisburg, KS 66053
      View Details
    • $699,000

      Historic Louisburg Office Building

      Prime Downtown Louisburg Office/Retail
      5 Peoria St, Louisburg, KS 66053
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Office/Retail Space, 33,000 sq ft
    Where is this office property / space located?
    The property is located at 5 Peoria St Louisburg, KS.
    What is the asking price?
    The asking price for this property is $699,000.
    (913) 837-6598
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    5 Peoria St Louisburg, KS 66053
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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
    5 Peoria St Louisburg, KS 66053
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