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    331 Commercial St Emporia, KS 66801

    For Sale
    $600,000

    Five Structures, High Rental Income Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity encompasses five structures across four distinct properties in Emporia, Kansas, offering substantial rental income and significant potential for future growth. The portfolio includes a triplex at 502 Neosho Street featuring one two-bedroom and two remodeled one-bedroom apartments, all currently leased. Also included is a renovated three-bedroom, one-bath, 1 1/2-story home at 717 East Street. A one-bedroom, one-bath home at 504 Chestnut Street is bundled with a four-bedroom, one-bath bungalow at 896 West 5th Street, both featuring crawl spaces. The cornerstone of this investment is the commercial property located at 331 Commercial Street. This building boasts two separate commercial rental spaces on the main floor and four residential apartments upstairs. Three of the four upstairs units and both main floor commercial spaces are currently leased, generating a combined monthly income of $2,550. This diverse portfolio presents a rare chance to acquire a substantial, income-producing real estate package in a desirable location. The properties offer a blend of residential and commercial income streams, providing a robust and diversified investment strategy. This is an ideal opportunity for investors seeking a turnkey portfolio with immediate cash flow and long-term appreciation potential. The properties are sold as a package.

    Property Features for 331 Commercial St

    General Information

    Property type
    Other commercial real estate
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spartan Staffing Employment Agency

    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
    Emporia
    County
    Lyon County
    State
    Kansas
    Longitude
    -96.18067
    Latitude
    38.40245

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    FAQs

    What type of property is this?
    Commercial real estate - Five Structures, High Rental Income Potential
    Where is this commercial real estate located?
    The property is located at 331 Commercial St Emporia, KS.
    What is the asking price?
    The asking price for this property is $600,000.
    (620) 342-0022
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    331 Commercial St Emporia, KS 66801
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    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
    331 Commercial St Emporia, KS 66801
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