201 S Vine St Cherokee, KS 66724
For Sale
1 / 2
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."
-
Idle-A-While Bar & Pub
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
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.