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Property profile & analytics
OFF-MARKET
Theaters & concert halls

1636 85th St Wakarusa, KS 66546-9730

4.82 ac lot Built 2013
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US33-0722828
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Theaters & concert halls
Use group ARENA, CONVENTION CENTER
Year built 2013
Lot 4.82 ac (209,959 SF)
Zoning code RR1
APN 204-17-0-00-01-012.00-4
UPID US33-0722828
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
Current use
Occupant on record · Public records
  • Glacier's Edge Event Venue Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Glaciers Edge LLC · 4 yrs held
Glaciers Edge LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
RR1 · Wakarusa, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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