1636 85th St Wakarusa, KS 66546-9730
This exceptional 4,400-square-foot event venue in Wakarusa, Kansas, presents a unique investment opportunity. Built in 2013 and renovated in 2022, this property sits on a 4.71-acre lot and boasts a 100% occupancy rate. The venue features a full kitchen, bar, and a spacious warehouse with a 12-foot overhead door, perfect for storage or conversion into additional space. A manager's office, two bathrooms, a mobile bar, and a sound system are also included. Outdoor amenities include a 2,640-square-foot lighted concrete patio complete with a fireplace, ideal for hosting various events. The property includes 75 parking spaces and is zoned for commercial use. Two-year-old solar panels significantly reduce electricity costs, averaging only $30 per month, with only water and propane as additional utility expenses. This turn-key operation is ready for immediate use, offering a fantastic opportunity for entrepreneurs in the event industry. An additional 4.42 acres is available for purchase separately, with its own water meter. The asking price is $349,950.
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Glacier's Edge Event Venue Hotel & Motel Resort
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
RR1 · Wakarusa, KSWakarusa. Always verify with local authorities before improvements.
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.