Rick's Resturant 20005 W US Highway 54 2,200 SF 100% Leased Retail Building Pratt, KS 67124 $350,000 ($159.09/SF) 7.14% Cap Rate

Located along US Highway 54 in Pratt, Kansas, this restaurant property presents an opportunity to acquire both a commercial real estate asset and an established operating business. Known locally as Rick’s, the property has served the community for many years and offers a turnkey transition for an owner-operator, investor, or hospitality entrepreneur seeking an existing restaurant location with operational infrastructure already in place.
The offering includes the real estate as well as restaurant furniture, kitchen equipment, shelving, cups, silverware, and other business-related personal property that supports continued operation. The current owner intends to keep the business operating until a purchaser is secured and is willing to assist with the transition process, helping maintain continuity for employees, customers, and daily operations.
Situated on approximately 1.50 acres, the property provides on-site parking and benefits from frontage along a well-traveled regional highway corridor. In addition to the restaurant building, the site includes a 24' x 30' two-car garage that can support storage, maintenance, or operational needs. Utility services available to the property include electric power, water, gas/propane, telephone, and cable.
This offering combines an established local business presence with tangible real estate assets, providing flexibility for buyers seeking to continue the existing concept or evaluate alternative commercial uses permitted within the property's commercial and industrial zoning designation. The inclusion of operational equipment and furnishings supports a streamlined ownership transition while preserving the property's longstanding role within the Pratt community.