400 Main St Galena, KS 66739-1218
This exceptional 16,738 square foot retail property, situated on 0.84 acres of land in historic Galena, Kansas, presents a remarkable investment opportunity. Located directly on Route 66, this property boasts impressive road frontage on three sides, ensuring high visibility and accessibility. The building offers a blend of existing rental units, generating immediate income, and ample space for expansion or further development. Recent upgrades, including newer HVAC systems and a recently replaced roof, minimize immediate capital expenditure needs. The property's strategic location within a thriving commercial district, surrounded by popular restaurants and shops, guarantees a steady stream of both local and tourist traffic. This versatile property is ideal for a variety of uses, including continued rental income, Airbnb operations, or the establishment of new retail ventures. The combination of its prime location, existing income stream, recent upgrades, and significant expansion potential makes this a truly unique and compelling investment opportunity in a vibrant and historic setting. The asking price is $400,000. This is a chance to own a piece of Route 66 history with significant future upside.
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.