Downtown Storefront with Rear
New
For Sale
$94,900
307 S Union Street, Mc Louth, KS 66054
An open commercial area is complemented by a private office and restroom at the back of the building.
Property Size1,173 SF
Days on Market6
Property Features for 307 S Union Street
General Information
Standard status
Active
Size
1,173 SF
Zoning
C
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,722
Amenities
On Street, Parking Lot, Paved, Unpaved
Storage
Building Details
Building Size
1,173 SF
Year Built
1930
Buildings
1
Stories
1
Listing Agency:
BeOutdoors Real Estate LLC
Listed By:
Mike Stephan
(913) 683-8753
Source:
Evrealestate
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 6:51AM
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 BeOutdoors Real Estate LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this storefront at 307 S Union Street in McLouth has an open interior, a private rear office, and a restroom. A recently installed roof is among the building’s improvements. The space is currently used for storage by the neighboring liquor store.
The property is in downtown McLouth and is zoned C.
The property is in downtown McLouth and is zoned C.
Key Highlights
- Open interior with a private office and restroom at the rear
- Newly installed roof
- Currently used for storage by the neighboring liquor store
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,799
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,980
$136.0K
Cap Rate 7%
$97,129
$97.1K
Cap Rate 9%
$75,544
$75.5K
Market Conditions
NOI Build-Up for 1,173 SF
Gross rent
$10.6K $9.00/SF
− Vacancy
−$845 −$0.72/SF
EGI
$9.7K $8.28/SF
− OpEx
−$2.9K −$2.48/SF
NOI
$6.8K $5.80/SF
Area
Jefferson County, KS
Vacancy
8.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,980
Cap Rate 7%
$97,129
Cap Rate 9%
$75,544
Alternative Uses
Best Use
Retail
$97.1K
$85.0K – $113.3K
NOI $6,799 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$132.3K
$115.8K – $154.4K
NOI $9,262 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
6k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
McLouth
Shops & Services
4,764 visits/mo
0.2 miles
Union State Bank
Shops & Services
970 visits/mo
0.1 miles
Conoco
Shops & Services
419 visits/mo
0.2 miles
Demographics for 66054, KS
2,774
Population
1,226
Households
2.3
Avg Household Size
42
Median Age
28%
College-Educated
96%
High-School Grad
77.6 sq mi
ZIP Area
36
Density / Sq Mi
$103,333
Median Household Income
$50,637
Median Earnings
$1,071
Median Rent
$240,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - An open commercial area is complemented by a private office and restroom at the back of the building.
Where is this storefront property located?
The property is located at 307 S Union Street Mc Louth, KS.
What is the asking price?
The asking price for this property is $94,900.
What are key features of this property?
This property features: Open interior with a private office and restroom at the rear; Newly installed roof; Currently used for storage by the neighboring liquor store
