1701 Main St Ottawa, KS 66067

This exceptional 2,700 square foot commercial property, located at 1701 S Main Street in Ottawa, Kansas, presents a unique investment opportunity. The building, constructed in 1940 and situated on a 2.19-acre lot, is a single-story structure currently operating as a mixed-use space. A significant portion of the building is leased to a donut shop under a gross lease agreement with rent bumps included. This five-year lease commenced February 15, 2023, and offers a strong, stable income stream. The property is also zoned for medical office use, providing flexibility and potential for future expansion or diversification of tenants. The asking price is $800,000 and is suitable for a 1031 exchange. The current lease has a three-year remaining term, expiring March 1, 2026, providing immediate cash flow and long-term potential. The property's location in Ottawa, Franklin County, Kansas (zip code 66067) offers excellent visibility and accessibility. This is an ideal investment for those seeking a blend of immediate return and future growth potential in a thriving Kansas community. The building has undergone recent updates, enhancing its appeal and functionality. This property is a rare find, combining established income with versatile zoning and a prime location.