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Property profile & analytics
OFF-MARKET
Retail space

607 Main St Neodesha, KS 66757-1632

2,500 SF 0.08 ac lot Built 1900
Entity Owned Absentee Owner Free & Clear
Property ID
US33-1231637
Property summary
AI-generated overview

This exceptional commercial property, located at 607 Main Street in Neodesha, Kansas, presents a unique investment opportunity. Built in 1900, this two-story building sits on a 0.08-acre lot and is currently listed at $64,000. The ground floor offers versatile commercial space, currently vacant, with the potential for division into two separate rental units, significantly increasing cash flow. Its prime downtown location makes it ideal for a variety of businesses. Adding to its appeal, the upper level features the possibility of three apartments, two of which are already generating rental income. This presents a blended income stream opportunity, combining commercial and residential revenue. The building's age offers character and charm, while its adaptable layout allows for customization to suit diverse business needs. The property's address is 607 Main Street, Neodesha, KS 66757, situated in Wilson County. This is a rare chance to acquire a well-positioned commercial property with significant upside potential in a thriving Kansas community. The property's size and layout provide flexibility for a range of commercial ventures, complemented by the existing rental income from the upper-level apartments. This presents a compelling investment opportunity for those seeking a blend of commercial and residential income streams.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 2,500 SF
Lot 0.08 ac (3,550 SF)
APN 194-20-0-30-33-003.00-0
UPID US33-1231637
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
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
CEW ENTERPRISES LLC
CEW ENTERPRISES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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