Restaurant Building with Kitchen
For Sale
$110,000
117 W 2nd Ave, El Dorado, KS 67042
The sale includes restaurant equipment, staff, and most recipes, excluding the signature burger and onion rings.
Property Size560 SF
Price / SF$196.43
Days on Market54
Property Features for 117 W 2nd Ave
General Information
Standard status
Active
Size
560 SF
Property subtype
Commercial
Zoning
General Comm
Additional Details
Business Included
Yes
Equipment Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$2,036
Building Details
Building Size
560 SF
Year Built
1960
Stories
1
Listing Agency:
Sundgren Realty
(316) 321-7112
Listed By:
Ashleigh Casper
(620) 583-9879
Source:
Albright-realty
Added: Sep 11
Changed: Nov 2
Last Checked: Nov 2 at 2:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sundgren Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An operating restaurant property at 117 W 2nd Ave in El Dorado includes kitchen equipment, staff, and most recipes; the signature burger and onion rings are excluded. The business is expected to continue operating during the sale process, and the building dates to 1960.
Recent work includes a replacement sewer line to the main and a 5-ton HVAC unit installed in 2024. Improvements in 2025 include a kitchen window unit, a 4-foot chef table, and a double-door freezer. Other equipment includes an upright reach-in refrigerator and a 30-inch prep table. The exterior has new gutters, fascia, siding, and a roof coating.
Recent work includes a replacement sewer line to the main and a 5-ton HVAC unit installed in 2024. Improvements in 2025 include a kitchen window unit, a 4-foot chef table, and a double-door freezer. Other equipment includes an upright reach-in refrigerator and a 30-inch prep table. The exterior has new gutters, fascia, siding, and a roof coating.
Key Highlights
- Restaurant sale includes equipment, staff, and most recipes; signature burger and onion rings are excluded
- 5‑ton HVAC unit and sewer line to the main installed in 2024
- 2025 additions include a kitchen window unit, 4' chef table, and double‑door freezer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,061
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$121,220
$121.2K
Cap Rate 7%
$86,586
$86.6K
Cap Rate 9%
$67,344
$67.3K
Market Conditions
NOI Build-Up for 560 SF
Gross rent
$8.7K $15.60/SF
− Vacancy
−$655 −$1.17/SF
EGI
$8.1K $14.43/SF
− OpEx
−$2.0K −$3.61/SF
NOI
$6.1K $10.82/SF
Area
Butler County, KS
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$121,220
Cap Rate 7%
$86,586
Cap Rate 9%
$67,344
Alternative Uses
Best Use
Specialty Retail
$86.6K
$75.8K – $101.0K
NOI $6,061 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$118.9K
$104.0K – $138.7K
NOI $8,322 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
65k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Groceries 33%
Dining 23%
Home Improvements & Furnishings 6%
Dillons
Groceries
21,405 visits/mo
0.4 miles
Taco Bell
Dining
9,391 visits/mo
0.4 miles
Dillons Fuel Center
Shops & Services
8,331 visits/mo
0.4 miles
Sinclair
Shops & Services
8,024 visits/mo
0.3 miles
Dollar General
Shops & Services
5,251 visits/mo
0.2 miles
Demographics for 67042, KS
17,458
Population
7,342
Households
2.4
Avg Household Size
38
Median Age
24%
College-Educated
91%
High-School Grad
258.2 sq mi
ZIP Area
68
Density / Sq Mi
$56,633
Median Household Income
$37,251
Median Earnings
$868
Median Rent
$133,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale includes restaurant equipment, staff, and most recipes, excluding the signature burger and onion rings.
Where is this conventional restaurant located?
The property is located at 117 W 2nd Ave El Dorado, KS.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Restaurant sale includes equipment, staff, and most recipes; signature burger and onion rings are excluded; 5‑ton HVAC unit and sewer line to the main installed in 2024; 2025 additions include a kitchen window unit, 4' chef table, and double‑door freezer
