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Property profile & analytics
OFF-MARKET
Retail space

114 Main St Hillsboro, KS 67063-1139

1,200 SF 0.09 ac lot Built 1900
Entity Owned Absentee Owner Free & Clear
Property ID
US33-0662202
Property summary
AI-generated overview

This 3,750 square foot building presents a unique opportunity for investors and developers seeking a project in the heart of Hillsboro, Kansas. Situated on a 0.09-acre lot at 114 S Main Street, this property offers significant potential for redevelopment. The building is currently in need of substantial rehabilitation, providing a blank canvas for a buyer to create their ideal space. The downtown Hillsboro location offers high visibility and accessibility, making it an attractive site for a variety of commercial uses. The existing structure provides a solid foundation for a complete renovation, allowing for customization to suit a wide range of business needs. This is a rare chance to acquire a property in a desirable location at an attractive price point. The 0.09-acre lot offers ample space for potential expansion or outdoor amenities. With some vision and investment, this property can be transformed into a thriving commercial asset. The substantial square footage allows for multiple uses, from retail to office space, or even a mixed-use development. This is an exceptional opportunity to capitalize on the potential of a prime downtown location in Hillsboro, Kansas. The price of $45,000 reflects the need for renovation, presenting a significant value proposition for the right buyer.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction FRAME
Total area 1,200 SF
Lot 0.09 ac (3,920 SF)
APN 138-34-0-30-08-009.00-0
UPID US33-0662202
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
  • Becky Walsh - State Farm Insurance Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
GARY L EVANS & REBECCA L WALSH FAMILY TRUST
GARY L EVANS & REBECCA L WALSH FAMILY TRUST
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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