607 Main St Neodesha, KS 66757-1632
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.
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.