114 Main St Hillsboro, KS 67063-1139
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.
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Becky Walsh - State Farm Insurance Agent Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.