Property profile

1502 Rose Port Rd Elwood, KS 66024

FOR SALE
Turn key restaurants
Property ID
US33-1132548
1,209 SF 3.6 ac lot Built 1986
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 3.67-acre commercial property in Elwood, Kansas, presents a unique investment opportunity. Located conveniently off Highway 36 on Roseport Road, the property boasts a substantial metal building of approximately 1,500 square feet, previously utilized as a restaurant. This building includes a primary sewer line equipped with a small grinder pump. Much of the existing restaurant equipment and furnishings will remain with the property. Adding to the versatility, a large barn with a garage, totaling approximately 2,400 square feet, is situated on the west side of the property. The property is zoned B-2 General Business, opening doors to a wide range of commercial ventures. This location benefits from participation in the Neighborhood Revitalization Program, and eligible businesses may qualify for state incentives, including income tax credits and workforce training credits. The property's size and existing structures offer significant potential for redevelopment or continued use as a restaurant or other commercial enterprise. The combination of ample space, existing infrastructure, and advantageous zoning makes this a compelling opportunity for entrepreneurs and investors alike. Further details regarding the state incentives are available through the appropriate channels.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1986
Total area 1,209 SF
Lot 3.6 ac (156,816 SF)
APN 022-089-31-0-30-01-008.00-0
UPID US33-1132548

Cap rate & NOI

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

Location

1502 Rose Port Rd Elwood, KS 66024
Elwood metro Census 20300 ST. JOSEPH, MO-KS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message