27 Main St Chanute, KS 66720-1748
This turnkey restaurant opportunity presents a rare chance to acquire a well-established Chanute, Kansas business. Located at 27 W Main in the heart of downtown, this landmark eatery has operated continuously since 1988, with the current owners at the helm since 2011. The restaurant boasts a classic Chinese menu, featuring three large hot food bars and a salad bar, serving both lunch and dinner, with all-day menu service available. The sale includes the building, the ongoing business, all fixtures, furniture, equipment, and inventory. Financial records demonstrate a history of profitability, supporting two families over the years. The building itself offers significant recent upgrades, including a new roof (installed in 2022 following storm damage), a new sewer line (2020), and a brand-new HVAC system (December 2023). The 3,375 square foot, two-story building sits on a 0.08-acre lot and was originally constructed in 1910. This well-loved restaurant enjoys a loyal customer base, presenting a unique opportunity for another family to continue its legacy. The asking price is $299,000. Showings are by appointment only.
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
No recorded transactions found for this property.
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.