0 Peoria St Louisburg, KS 66053
This exceptional 33,000 square foot mixed-use building presents a remarkable investment opportunity in the heart of Louisburg, Kansas. Originally a school and later City Hall, this meticulously maintained property boasts a new roof (2020), updated electrical and plumbing systems, and replaced HVAC units as needed. Currently configured for office and retail use, the main floor houses a thriving boutique, antique store, home furnishings business, and a hair salon. Two separate stairwells and a functioning elevator provide access to the second floor, which features multiple private office suites, many with long-term month-to-month tenants and some immediately available for lease. The second floor also includes a large room, previously a dance studio, complete with a mirrored wall and expansive views. Three sets of public restrooms are conveniently located, along with two suites offering private bathrooms. An ADA-compliant ramp ensures accessibility at the front entrance. Situated on a 53,143 square foot lot, this commercially zoned property benefits from its prime location in a growing town just 15 minutes from Overland Park, offering significant potential for future development and expansion. The asking price is $699,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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