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Property profile & analytics
OFF-MARKET Estimated value $235,000
Grocery and convenience stores

101 Lk St Mc Louth, KS 66054-5256

1,448 SF 0.32 ac lot Built 1950
Entity Owned 16-yr Hold Absentee Owner Free & Clear
Property ID
US33-0521662
Property summary
AI-generated overview

This exceptional owner-user convenience store and gas station, totaling 1,448 square feet, is strategically located at 101 East Lake Street in McLouth, Kansas, 66054. Priced at $750,000 ($517.96 per square foot), this turnkey property boasts 100% occupancy and presents a compelling investment opportunity. Situated in a high-visibility, high-traffic area of McLouth, this centrally located business benefits from its proximity to other key retail establishments such as Country Harvest Apple Market and McLouth Dental Office, ensuring consistent customer flow. The property features an open fuel supply, a significant advantage for new investors. Its adaptable layout allows for a variety of retail uses, catering to diverse business needs. The convenient location offers easy access for both pedestrians and vehicles, enhancing the shopping experience and operational efficiency. With limited competition in the immediate vicinity, this property enjoys a unique market position, ideal for a new retail venture or an established business seeking expansion. The well-maintained building is ready for immediate occupancy, minimizing initial investment and accelerating business startup. This is a rare opportunity to acquire a thriving business in a prime location within the Topeka, KS MSA. The property's strong performance and strategic location make it an attractive investment with significant potential for growth.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1950
Construction FRAME
Total area 1,448 SF
Lot 0.32 ac (13,939 SF)
APN 203-08-0-40-03-006.00-0
UPID US33-0521662
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • BP Gas Station
  • Conoco Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k
Owner & transaction history
ARKAGAS, LLC
ARKAGAS, LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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