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    600 Main St Galena, KS 66739

    For Sale
    $595,000

    11 Apartments + Commercial Space, High Occupancy

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity in Galena, Kansas, presents a well-maintained multi-unit property located at 600 S Main Street. The property encompasses a 0.13-acre lot and features a total of eleven residential apartments and one commercial space, all currently leased. This translates to a consistent rental income stream with historically low tenant turnover, making it an attractive proposition for investors seeking stable returns. Each apartment is offered with all utilities included, a significant draw for tenants, and the added benefit of complimentary Wi-Fi access further enhances the property's appeal. The commercial space provides additional income potential and versatility. Detailed financial records, including income and expense statements, are available upon request, allowing prospective buyers to conduct thorough due diligence and assess the property's financial performance. This turnkey investment is ready for immediate ownership and offers a compelling opportunity to acquire a profitable, established rental property in a desirable location. The property's strong occupancy rate and attractive tenant amenities contribute to its overall value and potential for long-term growth. Serious inquiries are encouraged to explore this promising investment opportunity further. Contact us to schedule a viewing and obtain the comprehensive financial data package.

    Property Features for 600 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    5,663 SF
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Galena
    County
    Cherokee
    State
    Kansas
    Longitude
    -94.63942
    Latitude
    37.07538

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    FAQs

    What type of property is this?
    Commercial real estate - 11 Apartments + Commercial Space, High Occupancy
    Where is this commercial real estate located?
    The property is located at 600 Main St Galena, KS.
    What is the asking price?
    The asking price for this property is $595,000.
    (417) 623-9900
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    600 Main St Galena, KS 66739
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    Galena, KS 66739
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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
    600 Main St Galena, KS 66739
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