106 Main St, Smith Center, KS 66967-2606
This exceptional investment opportunity presents a 2,920 square foot office building located at 106 S Main Street in Smith Center, Kansas, 66967. Situated in a historic building constructed in 1880, this property boasts a rich history and prime downtown location. The building previously housed a restaurant, complete with a fully equipped commercial kitchen and dining area with seating for up to 75 patrons. Included in the sale are numerous high-quality commercial appliances, such as a Vulcan 48" flat top gas grill, Dean gas deep fat fryer, Hobart and Thunderbird commercial mixers, a large walk-in freezer, multiple refrigerators, and a comprehensive dishwashing setup. Additional equipment includes a POS system, exhaust hood and fire suppression system (2005), a new exhaust fan, and two ice machines. The restaurant area features updated finishes from 2022, including new paint, lighting, wood laminate flooring, and custom blinds. The building also benefits from a new commercial water heater (2023), furnace (2001), and AC unit (1999, serviced annually). Ample storage is available in the back storage room. Two public restrooms are conveniently located in the hallway. All contents, including furniture, dishes, and kitchen equipment, are included in the sale price of $110,000. Property taxes are $2,096 annually. This is an all-inclusive sale; individual items will not be sold separately. The upper floor, once a vaudeville theater, offers additional potential for development or expansion. This is a rare opportunity to acquire a turnkey commercial property in a desirable Kansas location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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.