2200 State St Iola, KS 66749-1636
- Outlet malls
- 105,648 SF
- 7.84 lot acres
Current Use by Public Records
- Walmart Bakery / Cupcake Shop / Dessert Shop
- Walmart Pet Services / Pet Sitter
- Walmart Deli / Deli
- Walmart Home Services / Home Help Service Agency
- Walmart House Cleaning Services / House Cleaning Service
Property Details for 2200 State St
- Year built
- 2007
- Lot size
- 7.84 lot acres
- Property size
- 105,648 SF
- Property type
- Outlet malls
- APN
- 075-22-0-40-01-003.06-0
- APU
- 752204001003060
Description
This exceptional commercial land opportunity presents two strategically located outlots adjacent to a high-traffic Walmart in Iola, Kansas. Lot 2 encompasses approximately 2.45 acres, while Lot 3 offers approximately 1.54 acres. Both parcels are zoned C-2 General Business, allowing for a diverse range of commercial uses, including retail, office, and restaurant establishments. The property benefits significantly from its proximity to a Walmart store, which boasts an average of 1.1 million annual visitors, serving as the dominant national retailer in the community. This high volume of foot traffic translates into exceptional visibility and accessibility for potential businesses. The location in Allen County, Kansas, at 2200 N State St, Iola, KS 66749, provides convenient access for customers and employees. This is a rare chance to secure a prime commercial location in a thriving area with significant potential for growth and return on investment. The property's size and zoning flexibility make it ideal for a variety of development projects, catering to a wide range of business needs. Don't miss this opportunity to capitalize on the high traffic and strong retail presence in this established market. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $930,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $945,000
- 6.5%
- $910,000
- 7%
- $1,000,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $855,000
- Geo Method
- $870,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $900,000
- Retail
- $835,000
- Mixed-Use
- $1,020,000
- Hospitality
- $900,000
- Educational
- $860,000
- Residential Income
- $845,000
- Energy
- $900,000
- Income-Based Land
- $1,015,000
- Food Service
- $1,070,000
Location Insight
- Map
- Local Demand
- City
- Iola
- County
- Allen
- State
- Kansas
- Longitude
- -95.4111
- Latitude
- 37.9429
