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    401 1St St Iola, KS 66749

    For Sale
    $49,900

    1.5-Acre Commercial Lot, US-54 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.5-acre commercial land parcel presents a rare investment opportunity in Iola, Kansas. Strategically located on US Highway 54, this level lot offers unparalleled visibility and accessibility for a wide range of commercial ventures. Zoned for commercial use (Com), the property provides endless possibilities for development, from retail spaces to professional offices. The asking price is $49,900. Given its prime location and size, this property is ideal for businesses seeking high traffic exposure. The seller will cover the cost of a survey once the property is under contract. The property's address is 401 E First Street, Iola, KS 66749, situated in Allen County. Its precise coordinates are latitude 37.9220077 and longitude -95.3382735. This is a truly exceptional opportunity to acquire a highly desirable commercial property in a thriving Kansas community. Don't miss out on this chance to secure a piece of Iola's commercial landscape. The property is ready for your vision and offers significant potential for growth and return on investment. Act quickly, as opportunities like this are seldom available.

    Property Features for 401 1St St

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre commercial lot in Iola, KS, priced at $49,900.
    • High‑visibility location on US Highway 54.
    • Commercially zoned, suitable for various uses.
    • Seller will provide a survey upon contract.
    • Address: 401 E First Street, Iola, KS 66749.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Iola
    County
    Allen
    State
    Kansas
    Longitude
    -95.3382735
    Latitude
    37.9220077

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    FAQs

    What type of property is this?
    Land - 1.5-Acre Commercial Lot, US-54 Frontage
    Where is this land located?
    The property is located at 401 1St St Iola, KS.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: 1.5-acre commercial lot in Iola, KS, priced at $49,900.; High-visibility location on US Highway 54.; Commercially zoned, suitable for various uses.
    Request Owner's contact information
    401 1St St Iola, KS 66749
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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
    401 1St St Iola, KS 66749
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