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    1502 State St Iola, KS 66749

    For Sale
    $285,000

    Prime Iola location, high traffic count, multi-use potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property, situated at 1502 N State Street in Iola, Kansas, presents a unique investment opportunity. Boasting a generous 1.14-acre lot, the building offers versatile space ideal for a variety of commercial uses, including office, warehouse, or retail operations. Its strategic location just two blocks south of Walmart ensures high visibility and significant foot traffic. The property benefits from exceptional daily traffic volume on State Street, exceeding 8,000 vehicles per day, providing unparalleled exposure for any business. The multi-use nature of the building allows for considerable flexibility in its adaptation to diverse commercial needs. This prime location, combined with the substantial daily traffic count, makes this property an attractive proposition for entrepreneurs and investors seeking a high-impact commercial presence in a thriving area. The substantial lot size also offers potential for future expansion or development. This is a rare opportunity to acquire a well-positioned commercial property in a dynamic location with significant growth potential. The asking price is $285,000.

    Property Features for 1502 State St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    49,658 SF

    Building Details

    Year Built
    2000
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Iola
    County
    Allen
    State
    Kansas
    Longitude
    -95.40953
    Latitude
    37.93559

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Iola location, high traffic count, multi-use potential.
    Where is this commercial real estate located?
    The property is located at 1502 State St Iola, KS.
    What is the asking price?
    The asking price for this property is $285,000.
    Request Owner's contact information
    1502 State St Iola, KS 66749
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    Iola, KS 66749
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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
    1502 State St Iola, KS 66749
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