1100 Louis St Mulvane, KS 67110
This exceptional investment opportunity presents a well-maintained, 3,005 square foot retail building situated on a 13,121 square foot lot in Mulvane, Kansas. The property, constructed in 1987, features brick construction and is currently 100% occupied by two tenants in a multi-tenant configuration. The building is zoned B-3, General Business, allowing for a variety of uses. With a desirable location off K-15 Highway, the property benefits from excellent visibility and exposure. The building is designed to accommodate one to three suites, offering flexibility for future tenants or expansion. The asking price is $280,000, translating to $93.18 per square foot. Conveniently located minutes from Derby and Wichita, this property offers a strong return on investment. The 2021 property taxes were $3,091.89. This is a rare opportunity to acquire a stable, income-producing asset in a growing market. The single-story building offers 3,005 square feet of net rentable space.
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
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.