1502 State St Iola, KS 66749-1732
This exceptional commercial property, situated at 1502 N State Street in Iola, Kansas, presents a unique investment opportunity. Boasting a generous 1.14-acre lot, the building offers versatile space ideal for a variety of commercial uses, including office, warehouse, or retail operations. Its strategic location just two blocks south of Walmart ensures high visibility and significant foot traffic. The property benefits from exceptional daily traffic volume on State Street, exceeding 8,000 vehicles per day, providing unparalleled exposure for any business. The multi-use nature of the building allows for considerable flexibility in its adaptation to diverse commercial needs. This prime location, combined with the substantial daily traffic count, makes this property an attractive proposition for entrepreneurs and investors seeking a high-impact commercial presence in a thriving area. The substantial lot size also offers potential for future expansion or development. This is a rare opportunity to acquire a well-positioned commercial property in a dynamic location with significant growth potential. The asking price is $285,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.