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    1120 East St Iola, KS 66749

    For Sale
    $165,000

    Prime Iola location, high growth potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 1120 East N/A in Iola, Kansas, presents a unique investment opportunity. Listed at $165,000, this single-story building, constructed in 1950, sits on a 0.3-acre lot. Its prime location offers excellent visibility and accessibility, boasting frontage on Highway 54 (East Street), and is conveniently situated just a few blocks from the intersection of Highways 54 and 169. The property's versatility is a key advantage; its current configuration offers significant potential for a variety of uses, including office space and retail businesses. The building's layout allows for easy division into two separate units, creating an opportunity to increase rental income or accommodate multiple tenants. This presents a compelling prospect for investors seeking to capitalize on the current growth experienced in the east side of Iola. The property's existing structure provides a solid foundation for immediate occupancy or renovation to suit specific business needs. Don't miss this chance to acquire a strategically located commercial property in a thriving area. The zip code is 66749, and the property is situated in Allen County, Kansas.

    Property Features for 1120 East St

    General Information

    Property type
    Specialty properties
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1950
    Stories
    1

    HighLights

    • $165,000 asking price.
    • Special purpose property built in 1950.
    • Single‑story building on a 0.3‑acre lot.
    • High‑traffic Hwy 54 (East Street) frontage, near Hwy 54 & Hwy 169 intersection.
    • Excellent potential for office or retail use, easily divisible for additional income.
    • Located in a growing area of Iola, Kansas.
    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
    -95.3911106
    Latitude
    37.922334

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    FAQs

    What type of property is this?
    Specialty property - Prime Iola location, high growth potential.
    Where is this specialty property located?
    The property is located at 1120 East St Iola, KS.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: $165,000 asking price.; Special purpose property built in 1950.; Single-story building on a 0.3-acre lot.
    Request Owner's contact information
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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
    1120 East St Iola, KS 66749
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