222 Millheisler Rd El Dorado, KS 67042
This exceptional 15.3-acre parcel presents a remarkable development opportunity in the heart of El Dorado, Kansas. Located at 222 Millheisler Rd, 67042, this individually-owned land is zoned for residential development, with platting plans ready for city approval. The property boasts convenient access to essential utilities, ensuring seamless construction. Its prime location offers easy access to a full range of city amenities, including shopping, dining, businesses, and gas stations. Enjoy the added benefit of proximity to El Dorado Lake State Park, providing recreational opportunities for future residents. Strategic positioning near I-35 and Highway 254 allows for a quick commute to Wichita (approximately 30 minutes) and other surrounding areas. Seller financing is available, making this an attractive investment for developers seeking a prime residential project in a thriving Kansas community. This is a rare chance to acquire a substantial tract of land perfectly situated for immediate development. The property is ready for the next phase of development, offering a unique opportunity to build a thriving residential community. All necessary approvals are in place, making this a turn-key opportunity for immediate action.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.