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    5 Peoria St Louisburg, KS 66053

    For Sale
    $699,000

    Prime Downtown Louisburg Office/Retail

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This stunning, 33,000 square foot, two-story building presents a remarkable investment opportunity in the heart of Louisburg, Kansas. Originally constructed in 1929, this historic property boasts a rich history, having served as both a school and City Hall. Substantial renovations have been completed, including a new roof (2020), updated electrical and plumbing systems, and replacement of HVAC units as needed. The building's versatile layout is ideal for multi-use office and retail purposes, currently housing a boutique, antique shop, home furnishings business, and a hair salon on the main floor. The second floor features multiple private office suites, many with long-term, month-to-month tenants, and several vacant units ready for immediate occupancy. Two separate staircases and a functioning elevator provide convenient access to both floors. The building includes three sets of public restrooms and two suites with private bathrooms. A large, upper-level room, previously used as a dance studio, features a mirrored wall and offers expansive views. An ADA-compliant ramp ensures accessibility at the front entrance. Situated on a 53,143 square foot lot, this property benefits from its location in a thriving town just 15 minutes from Overland Park, offering significant growth potential. The asking price is $699,000.

    Property Features for 5 Peoria St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1929
    Stories
    2
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Louisburg Building Inspector City Government Office Municipal Utilities Utility Contractor Down Home Renewed Furniture Store Randolph Carter Ent ... Freight Forwarding Service Louisburg City Clerk City Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisburg
    County
    Miami
    State
    Kansas
    Longitude
    -94.6802974
    Latitude
    38.6148891

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    FAQs

    What type of property is this?
    Retail property - Prime Downtown Louisburg Office/Retail
    Where is this retail property located?
    The property is located at 5 Peoria St Louisburg, KS.
    What is the asking price?
    The asking price for this property is $699,000.
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    5 Peoria St Louisburg, KS 66053
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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
    5 Peoria St Louisburg, KS 66053
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