Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Turnkey Restaurant in Baxter Springs Title is generated by Realmo AI

    2447 Military Avenue, Baxter Springs, KS 66713

    View on Map
    Claim this Listing
    For Sale
    $175,000

    COMMERCIAL - Baxter Springs, KS

    Property size:
    3,172 SF
    Lot size:
    0.86 Acres
    Price / SF:
    $55/SF
    Added:
    Apr 15, 2026
    Days on Market:
    31
    Last Refresh:
    May 14 at 11:06 pm

    Property Features for 2447 Military Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    3,172 SF
    Lot size
    0.86 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3964

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    1961
    Number of units
    1
    Flooring type
    Carpet
    Roof type
    Metal

    We can help!

    Listing Contact
    Sally Davis

    Listing agent Sally Davis License #BR00232545-Ok 184829-Mo 2022036181

    Listing office SALLY DAVIS REAL ESTATE, LLC 217 W MAPLE, Columbus, KS

    Listing date Apr 15, 2026

    MLS# 261968

    Copyright © 2026 Ozark Gateway Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey, fully equipped restaurant ready for immediate operation.
    • Established steakhouse with strong local roots and long‑standing presence.
    • Excellent visibility and easy access on Military.
    • Spacious dining area and fully equipped commercial kitchen.
    • Ample on‑site parking for 40+ vehicles and semi access.
    • Functional layout designed for efficient workflow and customer flow.

    Overview

    This turnkey restaurant opportunity is located in Baxter Springs. The established steakhouse is fully equipped for continued operations. Situated on Military Avenue, the property benefits from excellent visibility and easy access. The building offers approximately 3,172 square feet, featuring a spacious dining area and a fully equipped commercial kitchen. Ample on-site parking is available for over 40 vehicles, with semi-truck access. The functional layout is designed for efficient workflow and customer flow. The sale includes commercial kitchen equipment such as freezers, a dish machine, fryers, holding stations, and grills, as well as tables and chairs. The property, with strong local roots and a long-standing presence in the community, provides a foundation for success in a growing small-town market. The lot size is 0.86 acres. The restaurant is currently operating and showings are available by appointment only on Sunday, Monday, and Tuesday. Pre-qualification letter or proof of funds required prior to showing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Baxter Springs
    County
    Cherokee
    State
    Kansas
    Longitude
    -94.73694
    Latitude
    37.009373

    Nearby Similar for Sale

    • $175,000
      3,100 SF

      Turnkey Restaurant in Baxter Springs

      Established steakhouse with full equipment and ample parking.
      2447 Military Avenue, Baxter Springs, KS 66713
      View Details
    • $249,900
      15,680 SF

      Versatile Retail/Warehouse Space Available

      15,000+ sq ft commercial building near downtown Baxter Springs.
      2800 Roberts Road, Baxter Springs, KS 66713
      View Details
    • $249,000
      1,536 SF

      Iconic Cafe on Historic Route 66

      Well-established restaurant on Route 66, rebuilt in 2014.
      1737 Military Avenue, Baxter Springs, KS 66713
      View Details
    • $210,000
      3,942 SF

      67.5 Acres with Service Station

      Commercial property with leased service station on 67.5 acres.
      3050 Military Avenue, Baxter Springs, KS 66713
      View Details
    • $185,000
      2,002 SF

      Remodeled Duplex in Baxter Springs

      Remodeled duplex with granite countertops, potential for additional unit.
      240 E 9th Street, Baxter Springs, KS 66713
      View Details
    • $523,320

      75 Acres of Kansas Prairie

      Productive 75-acre bluestem meadow for hay or cattle.
      SE Black Jack Road, Baxter Springs, KS 66713
      View Details
    • $99,900
      4,584 SF

      Retail Space on Historic Route 66

      Retail space on corner lot with limitless possibilities on Route 66.
      1000 Military Avenue, Baxter Springs, KS 66713
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Established steakhouse with equipment, parking, and high visibility.
    Where is this conventional restaurant located?
    The property is located at 2447 Military Avenue Baxter Springs, KS.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Turnkey, fully equipped restaurant ready for immediate operation.; Established steakhouse with strong local roots and long‑standing presence.; Excellent visibility and easy access on Military.
    (620) 429-2260
    We can help!
    Listing Contact
    Sally Davis
    Real Estate License ID: BR00232545-Ok 184829-Mo 2022036181
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2447 Military Avenue, Baxter Springs, KS 66713
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!