Grocery Store Building with
315 S Union ST, Mc Louth, KS 66054
For Sale
$450,000
Commercial Sale, McLouth, KS
Property Size5,984 SF
Price / SF$75.20
Days on Market143
Property Features for 315 S Union ST
General Information
Property type
Property subtype
Zoning
Zoning description
Parking
Parking features
Lot features
Directions
Standard status
APN
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Sewer type
Building Details
Year built
Floors in Building
Roof type
Listing Agency:
KW One Legacy Partners, LLC · Keller Williams Realty
(785) 246-8075
Listed By:
Sandra Haines · License KS SP00233997
(785) 383-0951
Added: Jun 24
Changed: Oct 8
Last Checked: Nov 13 at 5:06AM
MLS# 245227
Copyright © 2026 Sunflower 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.
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Investment Insights
Based on property information with market context.
This 5,984-square-foot commercial building was constructed in 1996 and previously housed a grocery store. Coolers and other essential equipment remain on-site, providing existing infrastructure associated with that operation. The property also features a metal roof and a parking lot.
Located at 315 S Union St in McLouth, Kansas, the building carries C-1 Commercial zoning. Electricity is available, and the property is served by public sewer. The existing improvements and equipment provide a basis for evaluating grocery, convenience, and other retail applications within the building.
Located at 315 S Union St in McLouth, Kansas, the building carries C-1 Commercial zoning. Electricity is available, and the property is served by public sewer. The existing improvements and equipment provide a basis for evaluating grocery, convenience, and other retail applications within the building.
Key Highlights
- 5,984‑square‑foot commercial building
- Previously operated as a grocery store
- Coolers and essential equipment remain on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,683
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,660
$693.7K
Cap Rate 7%
$495,471
$495.5K
Cap Rate 9%
$385,367
$385.4K
Market Conditions
NOI Build-Up for 5,984 SF
Gross rent
$53.9K $9.00/SF
− Vacancy
−$4.3K −$0.72/SF
EGI
$49.5K $8.28/SF
− OpEx
−$14.9K −$2.48/SF
NOI
$34.7K $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%
$693,660
Cap Rate 7%
$495,471
Cap Rate 9%
$385,367
Alternative Uses
Best Use
Specialty Retail
$614.7K
$537.9K – $717.2K
NOI $43,031 @ 7.0% cap · market cap 9.56%
Second Best
Retail
$495.5K
$433.5K – $578.1K
NOI $34,683 @ 7.0% cap · market cap 7.71%
Theoretical Best
Self Storage
$675.0K
$590.6K – $787.5K
NOI $47,250 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The building includes on-site parking, coolers, and C-1 Commercial zoning.
Where is this grocery and convenience store located?
The property is located at 315 S Union ST Mc Louth, KS.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 5,984‑square‑foot commercial building; Previously operated as a grocery store; Coolers and essential equipment remain on‑site
