Technical
Financial
Distress signals
Property profile

115 W Iron Ave Salina, KS 67401

FOR LEASE
Retail space
Property ID
US33-0728611
5,250 SF 0.2 ac lot Built 1908
Entity Owned 3-yr Hold Free & Clear
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115 W Iron Ave, Salina, KS 67401 For Lease
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115 W Iron Ave, Salina, KS 67401
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Property summary

AI-generated overview

This exceptional 5,250-square-foot office building, located at 115 W Iron Ave in Salina, Kansas, presents a unique opportunity for businesses seeking a prominent downtown location. Built in 1908, this two-story building boasts a classic architectural style and is situated between the Hoffman Building and the United Office Building, offering excellent visibility and accessibility. The property features a single-tenant occupancy, ideal for a company seeking a substantial and self-contained workspace. The interior layout includes a welcoming reception area, a convenient small conference room, a spacious work area perfect for collaborative efforts, and numerous individual offices spread across both floors. Parking is readily available, with street parking options supplemented by a convenient city parking lot directly behind the building. The building is zoned C-4, allowing for a variety of commercial uses. This property offers a compelling combination of historical charm, modern functionality, and a highly desirable downtown Salina address. The building does not have an elevator. This is a single-tenant property in Saline County, Kansas, with a zip code of 67401. Lease rates are highly competitive. The property is conveniently located near 7th Street.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1908
Construction CONCRETE BLOCKS
Total area 5,250 SF
Lot 0.2 ac (8,620 SF)
APN 086-13-0-20-11-002.00
UPID US33-0728611

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Engineer Civil Engineer

Location

115 W Iron Ave Salina, KS 67401
Salina metro Census 102 SALINA, KS MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

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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