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    422 Main St Ottawa, KS 66067

    Sponsored
    For Sale
    $750,000

    Prime Mixed-Use Building, High Income Potential

    Property size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This stunning 30,000 square foot, three-story mixed-use building, located at 422 S Main St in Ottawa, Kansas (zip code 66067), presents a unique investment opportunity. Built in 1927, this Class C property boasts a prominent downtown location on a 10,500 square foot lot (APN: 030-087-35-0-40-16-007.00-0) and is zoned C4. The building features approximately 10,000 square feet per floor, offering a versatile layout including various office spaces, a large auditorium complete with a balcony and stage, a commercial kitchen, and a dining hall. A significant 10,000 square foot unfinished basement provides ample storage. The building includes concrete floor joists and a stair lift, ensuring wheelchair accessibility to the second floor. Currently, multiple spaces are leased, generating over $4,000 per month in income, although these leases expire December 31, 2024. This historic landmark offers immense potential for a variety of uses and significant future income streams. The asking price is $750,000. This is a rare chance to acquire a substantial, income-producing property in a thriving Kansas community. Don't miss this exceptional opportunity to own a piece of Ottawa's rich history.

    Property Features for 422 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    30,000 SF
    Class
    C

    Building Details

    Year Built
    1927
    Stories
    3

    HighLights

    • 30,000 SF, three‑story mixed‑use building in Ottawa, KS (66067).
    • Prominent downtown location on a 10,500 SF lot (APN: 030‑087‑35‑0‑40‑16‑007.00‑0), C4 zoning.
    • Features approx. 10,000 SF per floor, including office spaces, auditorium, commercial kitchen, and dining hall.
    • 10,000 SF unfinished basement; concrete floor joists; stair lift for accessibility.
    • Currently leased, generating over $4,000/month in income (leases expire 12/31/2024); asking price $750,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Masonic Lodge Fraternal Organization The Blue Giraffe Art ... Art Studio

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ottawa
    County
    Franklin
    State
    Kansas
    Longitude
    -95.2688293
    Latitude
    38.6120215

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Mixed-Use Building, High Income Potential
    Where is this mixed-use property located?
    The property is located at 422 Main St Ottawa, KS.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 30,000 SF, three-story mixed-use building in Ottawa, KS (66067).; Prominent downtown location on a 10,500 SF lot (APN: 030-087-35-0-40-16-007.00-0), C4 zoning.; Features approx. 10,000 SF per floor, including office spaces, auditorium, commercial kitchen, and dining hall.
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    422 Main St Ottawa, KS 66067
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    Ottawa, KS 66067
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    Realmo Value Estimation

    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.

    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.

    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
    422 Main St Ottawa, KS 66067
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