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224 N Main St 3,500 SF 100% Leased Retail Building Mcpherson, KS 67460 $155,000 ($44.29/SF)
Executive Summary
Own a commercial building in a super location in beautiful downtown McPherson. In 2021, a new water line was put in between the meter and the building & the North exterior parapet wall was rebuilt and painted. In 2022, a complete new TPO roof system was put on the building. The sale includes the BUILDING ONLY as there are leases in place for the 2,500 sq ft in the 224 N Main address, and also the 1,000 sq ft of the 110 E Euclid address. This is a great investment opportunity for an investor to start or expand their commercial property portfolio. Building is being sold In Its Present Condition. Current lease for 224 N. Main is $1000/month and ends 06/30/31. Current lease for 110 E. Euclid is $540/month and is month-to-month.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,500 SF
Year Built
1900
Price
$155,000
Price Per SF
$44.29
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.94
Lot Size
0.09 AC
Zoning
B3
Frontage
25’ on Main St
Amenities
- Restaurant
Moderately walkable
70/100
Moderately drivable
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 138-28-0-20-28-003.00-0 | Improvements Assessment | $32,248 |
| Land Assessment | $3,455 | Total Assessment | $35,703 |
Property Taxes
Parcel Number
138-28-0-20-28-003.00-0
Land Assessment
$3,455
Improvements Assessment
$32,248
Total Assessment
$35,703
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224 N Main St
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