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Property profile & analytics
OFF-MARKET
Retail space

27 Main St Chanute, KS 66720-1748

5,875 SF 0.08 ac lot Built 1910
Individually Owned Absentee Owner Free & Clear
Property ID
US33-0482123
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Construction FRAME
Total area 5,875 SF
Lot 0.08 ac (3,375 SF)
APN 044-20-0-40-02-003.00-0
UPID US33-0482123
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
DONG QUAN GUAN
DONG QUAN GUAN
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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