Property profile

106 Main St Smith Center, KS 66967

OFF-MARKET
Retail space
Property ID
US33-1349726
3,808 SF 0.07 ac lot Built 1880
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1880
Total area 3,808 SF
Lot 0.07 ac (3,049 SF)
APN 135-22-0-30-07-007.00-0
UPID US33-1349726

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

106 Main St Smith Center, KS 66967-2606
Smith Center metro Census 475800
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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