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Property profile & analytics
OFF-MARKET
Turn key restaurants

1502 Roseport Rd Elwood, KS 66024

1,209 SF 3.6 ac lot Built 1986
Entity Owned Absentee Owner Free & Clear
Property ID
US33-1132548
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
CHRISTENSEN PROPERTIES, LLC
CHRISTENSEN PROPERTIES, LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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