Your AI Navigator in Commercial Real Estate
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

    Metcalf Ave Louisburg, KS 66053

    For Sale
    $999,900

    15.97 Acres, Prime Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 15.97-acre property in Louisburg, Kansas, presents a unique multifamily investment opportunity. Located west of Metcalf Avenue and northwest of 6th Street, this non-contiguous land parcel is ideally situated for development. Current plans envision the construction of duplexes, complementing existing adjacent structures. Detailed supplemental documentation, including a site plan, outlines a potential expansion of 154 additional units, significantly increasing the property's potential rental income. The property is zoned for apartment buildings and agricultural use, offering flexibility for future development. Louisburg boasts a thriving community with excellent schools, strong civic engagement, and a robust local economy, making it an attractive location for residential growth. The city actively manages growth to maintain its unique character, ensuring a stable and desirable environment for residents and investors alike. Housing permits are increasing, reflecting the growing demand for housing in this area, just 15 miles south of the Kansas City metro area. This property offers significant upside potential for investors seeking a strong return in a desirable Kansas community. The asking price is $999,900. This is a rare opportunity to acquire a substantial land parcel with significant development potential in a rapidly growing market.

    Property Features for 0 Metcalf Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    695,653 SF

    HighLights

    • $999,900 asking price.
    • 15.97‑acre multifamily land parcel in Louisburg, KS.
    • Located west of Metcalf Ave, adjacent to N. 6th Street.
    • Planned duplex development; potential for 154 additional units.
    • Located in Louisburg, KS, a growing community with strong schools and a thriving business environment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Louisburg
    County
    Miami
    State
    Kansas
    Longitude
    -94.6761222
    Latitude
    38.6112309

    Nearby Comparable

    • $295,000
      0.45 Acres

      Louisburg Warehouse on Metcalf Road

      Commercial property with high visibility on Metcalf Road in Louisburg.
      704 S Metcalf Rd, Louisburg, KS 66053
      View Details
    • $699,000

      Historic Louisburg Office Building

      Prime Downtown Louisburg Office/Retail
      5 Peoria St, Louisburg, KS 66053
      View Details
    • $699,000
      1.22 Acres

      Historic Louisburg Office Building

      Prime Office/Retail Space, 33,000 sq ft
      5 Peoria St, Louisburg, KS 66053
      View Details

    Nearby Similar for Sale

    • $295,000
      0.45 Acres

      Louisburg Warehouse on Metcalf Road

      Commercial property with high visibility on Metcalf Road in Louisburg.
      704 S Metcalf Rd, Louisburg, KS 66053
      View Details
    • Contact for pricing
      0.25 Acres

      Louisburg Office Space For Sale

      850 sq ft office space in Louisburg, Kansas.
      7420 K68 Hwy, Louisburg, KS 66053
      View Details
    • $699,000
      1.22 Acres

      Historic Louisburg Office Building

      Prime Office/Retail Space, 33,000 sq ft
      5 Peoria St, Louisburg, KS 66053
      View Details
    • $699,000

      Historic Louisburg Office Building

      Prime Downtown Louisburg Office/Retail
      5 Peoria St, Louisburg, KS 66053
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 15.97 Acres, Prime Development
    Where is this multifamily property located?
    The property is located at Metcalf Ave Louisburg, KS.
    What is the asking price?
    The asking price for this property is $999,900.
    What are key features of this property?
    This property features: $999,900 asking price.; 15.97-acre multifamily land parcel in Louisburg, KS.; Located west of Metcalf Ave, adjacent to N. 6th Street.
    Request Owner's contact information
    Metcalf Ave Louisburg, KS 66053
    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.
    Metcalf Ave
    Louisburg, KS 66053
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Metcalf Ave Louisburg, KS 66053
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.