421 Locust St Nortonville, KS 66060
Investor alert! This unique 1.21-acre property at 421 Locust Street in Nortonville, Kansas, presents a wealth of redevelopment opportunities. Built in 1937, this three-story building previously served as a school and is currently configured as a single-family residence. The property boasts a substantial 72' x 31' workshop, featuring a garage with an 11' x 12' door, ideal for various uses. An impressive auditorium with a basketball court adds to the property's versatility. While the first floor has been remodeled to include a kitchen, living room, three bedrooms, an office, and a bathroom, the second and third floors require renovation, and the roof needs replacement. Currently zoned commercial with a residential override, this property offers endless possibilities for adaptive reuse. Potential uses include a community center, boys and girls club, apartments, storage facility, daycare, student housing, or other commercial ventures. The property is situated within a residential community in Jefferson County, Kansas, zip code 66060. Taxes and square footage are estimated. The asking price is $160,000. The seller is motivated.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miProperty 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.