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    222 Millheisler Rd El Dorado, KS 67042

    Sponsored
    For Sale
    $399,000

    15 Acres, Prime Location, City Approved

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15.3-acre parcel presents a remarkable development opportunity in the heart of El Dorado, Kansas. Located at 222 Millheisler Rd, 67042, this individually-owned land is zoned for residential development, with platting plans ready for city approval. The property boasts convenient access to essential utilities, ensuring seamless construction. Its prime location offers easy access to a full range of city amenities, including shopping, dining, businesses, and gas stations. Enjoy the added benefit of proximity to El Dorado Lake State Park, providing recreational opportunities for future residents. Strategic positioning near I-35 and Highway 254 allows for a quick commute to Wichita (approximately 30 minutes) and other surrounding areas. Seller financing is available, making this an attractive investment for developers seeking a prime residential project in a thriving Kansas community. This is a rare chance to acquire a substantial tract of land perfectly situated for immediate development. The property is ready for the next phase of development, offering a unique opportunity to build a thriving residential community. All necessary approvals are in place, making this a turn-key opportunity for immediate action.

    Property Features for 222 Millheisler Rd

    General Information

    Property type
    Land
    Lot Size
    666,468 SF

    HighLights

    • Single‑family residential platting approved by the city.
    • Utilities readily available.
    • Excellent location.
    • Easy access to I‑35 and Highway 254.
    • Near Wichita.
    • Close to city amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    El Dorado
    County
    Butler
    State
    Kansas
    Longitude
    -96.886667417687
    Latitude
    37.819088683119

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    FAQs

    What type of property is this?
    Land - 15 Acres, Prime Location, City Approved
    Where is this land located?
    The property is located at 222 Millheisler Rd El Dorado, KS.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Single-family residential platting approved by the city.; Utilities readily available.; Excellent location.
    Request Owner's contact information
    222 Millheisler Rd El Dorado, KS 67042
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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
    222 Millheisler Rd El Dorado, KS 67042
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