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Elk Lodge Building 121 W Walnut St 11,615 SF 3% Leased Retail Building Rogers, AR 72756 $1,800,000 ($154.97/SF)
Investment Highlights
- Prominent signalized hard corner at 2nd & Walnut
- Flexible ground-floor retail with second-floor office or redevelopment potential
- Combined historic tax credits may offset approximately 50% of qualified rehabilitation expenses, subject to certification
Executive Summary
Property Highlights
11,615 SF historic mixed-use building
Constructed in 1912 with preserved Classical-style architecture
Prominent signalized hard corner at 2nd & Walnut
Flexible ground-floor retail with second-floor office or redevelopment potential
Original pressed-tin ceilings, historic millwork, and oversized storefront windows
Contributing property within the National Register-listed Rogers Commercial Historic District
Eligible for 20% Federal Historic Rehabilitation Tax Credit
Eligible for up to 30% Arkansas Historic Rehabilitation Tax Credit
Combined historic tax credits may offset approximately 50% of qualified rehabilitation expenses, subject to certification
Walkable to Onyx Coffee Lab, Daisy Airgun Museum, Railyard Park, restaurants, retail, and public parking
Exceptional opportunity for owner-users, investors, boutique hospitality, mixed-use redevelopment, or destination retail concepts
Offered at $1,800,000
11,615 SF historic mixed-use building
Constructed in 1912 with preserved Classical-style architecture
Prominent signalized hard corner at 2nd & Walnut
Flexible ground-floor retail with second-floor office or redevelopment potential
Original pressed-tin ceilings, historic millwork, and oversized storefront windows
Contributing property within the National Register-listed Rogers Commercial Historic District
Eligible for 20% Federal Historic Rehabilitation Tax Credit
Eligible for up to 30% Arkansas Historic Rehabilitation Tax Credit
Combined historic tax credits may offset approximately 50% of qualified rehabilitation expenses, subject to certification
Walkable to Onyx Coffee Lab, Daisy Airgun Museum, Railyard Park, restaurants, retail, and public parking
Exceptional opportunity for owner-users, investors, boutique hospitality, mixed-use redevelopment, or destination retail concepts
Offered at $1,800,000
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
11,615 SF
Building Class
B
Year Built
1912
Price
$1,800,000
Price Per SF
$154.97
Percent Leased
3%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.90
Lot Size
0.14 AC
Zoning
Commercial
Parking
9 Spaces (0.77 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Moderately drivable
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-02188-000 | Improvements Assessment | $218,469 |
| Land Assessment | $8,049 | Total Assessment | $226,518 |
Property Taxes
Parcel Number
02-02188-000
Land Assessment
$8,049
Improvements Assessment
$218,469
Total Assessment
$226,518
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Elk Lodge Building | 121 W Walnut St