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    112 Lincoln St Lindsborg, KS 67456

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    For Sale
    Contact for pricing

    Historic Lindsborg property, prime location.

    Property size:
    8,455 SF

    Property Features for 112 Lincoln St

    General Information

    Property type
    Land
    Square Feet
    8,455 SF

    We can help!

    Listing Contact
    Mari Loder
    Mari Loder

    Listing Agency: Coldwell Banker APW Realtors Listing Agent: Mari Loder

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 8,455 square foot commercial land parcel, located at 112 W Lincoln St in the heart of historic downtown Lindsborg, Kansas (zip code 67456), presents a unique investment opportunity. The property, completely remodeled in 2018, boasts a substantial list of improvements. Features include a VIP suite with kitchenette and sitting area, a honeymoon suite, and 18 guest rooms each equipped with new bathrooms, mattresses, linens, custom window coverings, and individual climate control. A spacious lobby area provides ample space for guests. The property also includes an industrial kitchen with a serving area and large breakfast room, a gift shop, and a cozy fireplace area. The remodeled basement functions as both a wine cellar and a storm shelter. Extensive renovations include new plumbing, electrical systems, paint, and flooring throughout. This turnkey property is ready for immediate use and offers significant potential for a variety of commercial ventures. The property's prime location in the vibrant downtown area ensures high visibility and accessibility. This is a rare opportunity to acquire a meticulously maintained and updated commercial property in a desirable Kansas location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drom Sott Inn ... Hotel & Motel Swedish Country Inn Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lindsborg
    County
    McPherson
    State
    Kansas
    Longitude
    -97.6762189
    Latitude
    38.5736591

    Nearby Similar for Sale

    • New
      Contact for pricing
      Pending

      Lindsborg Commercial Building on Main

      Two-story commercial building with redevelopment potential in downtown Lindsborg.
      115 N Main St, Lindsborg, KS 67456
      View Details
    • $1,179,000
      11,553 SF

      Fully Leased Apartment Complex

      16-unit apartment complex with steady income and minimal maintenance.
      501 S Cedar St, Lindsborg, KS 67456
      View Details

    FAQs

    What type of property is this?
    Land - Historic Lindsborg property, prime location.
    Where is this land located?
    The property is located at 112 Lincoln St Lindsborg, KS.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: $975,000 asking price.; 8,455 square foot commercial land parcel.; Located at 112 W Lincoln St, Lindsborg, KS 67456.
    (785) 827-3641 Call to check price and availability
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    112 Lincoln St Lindsborg, KS 67456
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mari Loder
    Mari Loder
    Real Estate License ID: KS00238427
    (785) 827-3641 (785) 452-5314
    Learn more
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