Technical
Financial
Distress signals
Property profile

202 Main St Marion, KS 66861

OFF-MARKET
Retail space
Property ID
US33-1541105
5,732 SF 0.09 ac lot Built 1900
Individually Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 3,695 square foot building, situated on a 0.17-acre lot at 202 E Main St in Marion, Kansas, presents a rare investment opportunity. Originally a carriage house, this property boasts remarkable historical features, including the original carriage elevator and numerous preserved windows, offering a captivating blend of character and potential. The building's most recent use was as a restaurant, and its prime Main Street location makes it ideally suited for a variety of commercial ventures. Imagine transforming this space into a thriving restaurant, a unique boutique store, or a mixed-use property incorporating a stunning upstairs living area. The possibilities are endless. All existing equipment is included in the sale, providing a head start on your vision. This is a chance to own a piece of Marion's history and contribute to its vibrant future. The asking price is $55,000. Don't miss this opportunity to acquire a truly one-of-a-kind property in a desirable location. The building's rich history and prime location combine to create an exceptional investment prospect with significant upside potential. Contact the listing office for further details and to schedule a viewing.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction FRAME
Total area 5,732 SF
Lot 0.09 ac (3,920 SF)
APN 119-32-0-30-39-002.00-0
UPID US33-1541105

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

202 Main St Marion, KS 66861-1628
Marion metro Census 489700
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2007
1 recorded transaction
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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