Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2301 Mount Vernon St Wichita, KS 67211

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Established bar, fully equipped, great location.

    Property size:
    2,280 SF

    Property Features for 2301 Mount Vernon St

    General Information

    Property type
    Restaurants
    Square Feet
    2,280 SF
    Class
    B

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Marty Moody
    Marty Moody

    Listing Agency: J.P. Weigand & Sons Inc. Listing Agent: Marty Moody

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This turnkey bar opportunity in Wichita, Kansas, presents a unique investment prospect. Located at 2301 E. Mt. Vernon St., this free-standing, single-story building boasts 2,280 square feet on an 11,286 square foot lot. Built in 1970, the property is classified as Class B and zoned LC. The asking price is $250,000, translating to $109.65 per square foot. All bar equipment, including tables and chairs, is included in the sale. The kitchen features a 4' hood and walk-in coolers. A designated outdoor smoking area caters to patrons' preferences. The bar has a maximum occupancy of 90 persons. The 2023 property taxes totaled $2,921.64 ($2,344.02 general and $577.62 special). This established business presents a ready-to-operate venture in a desirable location, offering significant potential for a new owner. The property consists of one unit within a single building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Snoops Nightclub

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.309205510603
    Latitude
    37.65719049421

    Nearby Similar for Sale

    • Contact for pricing
      0.35 Acres

      Retail Strip in Prime Location

      Four-unit retail strip with redevelopment potential near Wichita State.
      3117 E 13Th St N, Wichita, KS 67214
      View Details
    • New
      Contact for pricing
      Pending

      Wichita Multi-Unit Investment Opportunity

      12-unit apartment building with updates and expansion potential.
      638 N Broadway Ave &, Wichita, KS 67214
      View Details
    • Contact for pricing
      2,303 SF

      Riverfront Triplex Investment Opportunity

      Triplex near Arkansas River with income and upside potential.
      1339 S Palisade St, Wichita, KS 67213
      View Details
    • New
      $144,900
      Pending

      Updated Duplex in SW Wichita

      Well-maintained duplex with modern updates and separate utility meters.
      1006 S Water St, Wichita, KS 67213
      View Details
    • $379,800
      Pending

      New Duplex with Modern Amenities

      New duplex featuring modern amenities, zero entry, and fenced yard.
      12711 W Cowboy St, Wichita, KS 67235
      View Details
    • $319,900
      0.34 Acres

      Wichita Investment Opportunity

      Seven-unit property with retail and residential potential.
      220-224 W Harry St, Wichita, KS 67213
      View Details
    • Contact for pricing
      1,092 SF

      Duplex Near Wichita State University

      Duplex in Northeast Wichita with immediate income potential.
      2615 E Stadium Dr, Wichita, KS 67214
      View Details
    • $8,900,000
      107,200 SF

      Wichita Multifamily Investment Opportunity

      128-unit apartment complex with recent renovations and strong income potential.
      2801 E Harry St, Wichita, KS 67211
      View Details
    • $117,500
      Pending

      Two Homes on One Lot

      Rare investment opportunity with two homes on one lot.
      2020 S Main St, Wichita, KS 67213
      View Details
    • $255,000
      2,516 SF

      Wichita Duplex with Fenced Yard

      Duplex featuring two units, back patios, and fenced backyard.
      527 N Gordon St, Wichita, KS 67203
      View Details
    • $230,000
      2,130 SF

      Fully Rented Triplex Investment Opportunity

      East Wichita triplex with consistent cash flow and tenant convenience.
      6141 E Boston St, Wichita, KS 67218
      View Details
    • $165,000
      1,549 SF

      Fully Rented Wichita Duplex Investment

      East Wichita duplex with immediate cash flow and tenant-paid utilities.
      6160 E Boston St, Wichita, KS 67218
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established bar, fully equipped, great location.
    Where is this restaurant located?
    The property is located at 2301 Mount Vernon St Wichita, KS.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: $250,000 sale price for a turnkey bar.; 2,280 square foot building on an 11,286 square foot lot.; 1970 construction, Class B, LC zoning.
    (316) 292-3942 Call to check price and availability
    Request Owner's contact information
    2301 Mount Vernon St Wichita, KS 67211
    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.
    2301 Mount Vernon St
    Wichita, KS 67211
    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
    2301 Mount Vernon St Wichita, KS 67211
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marty Moody
    Marty Moody
    Real Estate License ID: SP00012932
    (316) 292-3942 (316) 262-6400
    Learn more
    Google sign-in failed. Please try again or use another login method.