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Property profile & analytics
FOR SALE
Retail space

201 S Vine St Cherokee, KS 66724

1,500 SF 0.13 ac lot Built 1900
Individually Owned 20-yr Hold Free & Clear
Property ID
US33-1238361
Property summary
AI-generated overview

This exceptional commercial property in Cherokee, Kansas, presents a unique investment opportunity. Priced at $125,000, this turnkey business includes a well-established restaurant and bar known for its high-quality steaks, operating successfully for 17 years. The current owners are retiring and offering the entire operation, including all inventory (excluding a few personal items), for a seamless transition. The sale encompasses two buildings situated on a 0.13-acre lot, offering significant potential for expansion. The property's existing infrastructure includes a generator. The seller is open to negotiations and eager to share their extensive operational knowledge with a prospective buyer. The versatile space allows for various business ventures, and there's ample room to add an outdoor seating area, construct additional buildings, or even develop a residential component. A key feature is the potential to access original ceilings above the current ones, offering further expansion possibilities. This is a rare chance to acquire an established business with significant growth potential in a desirable location. The property is being sold "as is."

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 1,500 SF
Lot 0.13 ac (5,663 SF)
APN 224-18-0-40-19-001.00-0
UPID US33-1238361
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
  • Idle-A-While Bar & Pub
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
Michelle A Begay · 20 yrs held
Michelle A Begay
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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