1502 Roseport Rd Elwood, KS 66024
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
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.