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    103 Franklin St Reading, KS 66868

    • Turn key restaurants
    • 2,400 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US33-1314714
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Miracle Cafe / American Restaurant

    Property Details for 103 Franklin St

    Year built
    2011
    Lot size
    0.35 lot acres
    Property size
    2,400 SF
    Property type
    Turn key restaurants
    APN
    162-03-0-10-06-001.00-0
    APU
    1620301006001000

    Description

    This exceptional turnkey restaurant opportunity is located at 103 Franklin Street in Reading, Kansas. Built in 2011, this well-maintained establishment is ready for immediate operation. The spacious interior comfortably seats 49+ patrons and includes a fully equipped kitchen boasting a comprehensive array of commercial appliances. This includes three small freezers, one stand-up freezer, two small refrigerators, a prep table, a salad bar, a two-basket electric fryer, a four-burner gas stove, a convection oven, an ice machine, and a hood system with suppression. Outdoor cooking options are also available with an included smoker and fryer. The property features a convenient walk-in cooler/freezer, ensuring efficient food storage. Two furnaces provide reliable heating, and a single bathroom is available for customer use. Ample parking is provided in the rear lot. All existing inventory will be included in the sale at closing, making this a truly turnkey operation. This is a rare opportunity to acquire an established and profitable business in a thriving community. The asking price is $209,900. Don't miss this chance to own your own restaurant!

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Lyon
    State
    Kansas
    Longitude
    -95.9586
    Latitude
    38.5195
    CBSA code
    21380
    CBSA name
    EMPORIA, KS MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,727
    $883
    $10,583
    $11,466
    -
    $3,530
    $42,330
    $45,860

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    103 Franklin St
    Reading, KS 66868
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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