5 Peoria St Louisburg, KS 66053
- Office buildings
- 25,000 SF
- 1.22 lot acres
Current Use by Public Records
- Louisburg Building Inspector / City Government Office
- Municipal Utilities / Utility Contractor
- Down Home Renewed / Furniture Store
- Randolph Carter Ent Inc / Freight Forwarding Service
- Louisburg City Clerk / City Government Office
Property Details for 5 Peoria St
- Year built
- 1929
- Lot size
- 1.22 lot acres
- Property size
- 25,000 SF
- Property type
- Office buildings
- APN
- 109-31-0-10-01-006.01-0
- APU
- 1093101001006010
Description
This exceptional 33,000 square foot building presents a remarkable investment opportunity in the heart of Louisburg, Kansas. Originally serving as a school and later City Hall, this meticulously maintained historic structure boasts a wealth of recent upgrades, including a new roof (installed in 2020), completely updated electrical and plumbing systems, and replacement of HVAC split systems as needed. Its versatile layout is ideal for multi-use office and retail purposes, with existing tenants including a boutique, antique shop, home furnishings business, and a hair salon occupying the main floor. Two separate staircases and a functioning elevator provide convenient access to the second floor, which features numerous private office suites, many currently leased on a month-to-month basis to long-term tenants. Several vacant units are available for immediate occupancy. The building includes three sets of public restrooms and two suites with private bathrooms. A unique feature is a large second-floor room, previously used as a dance studio, complete with a mirrored wall and expansive views. An ADA-compliant ramp ensures accessibility at the front entrance. Situated on a 1.22-acre lot, this property benefits from its location in the thriving town of Louisburg, just 15 minutes from Overland Park, offering significant growth potential and convenient access to a larger metropolitan area. The asking price is $699,000.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,791,000
Market price range: $2.79M - $4.44M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,515,000 Current use
- RESTAURANT
- $4,225,000 Change: +20% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Louisburg
- County
- Miami
- State
- Kansas
- Longitude
- -94.6796
- Latitude
- 38.6206
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
