111 E Main St - Storefront Retail/Residential FOR SALE


Chanute, KS 66720
$239,000 USD
620-431-2030
111 E Main St, Chanute, KS for Sale
$239,000 USD
Storefront Retail/Residential - FOR SALE
1/23
null | Request Cap Rate

111 E Main St
Chanute, KS 66720


OVERVIEW

Wonderful historic building in downtown Chanute, Kansas with fully remodeled upstairs apartment. This property, which was built in 1900, has been wonderfully updated and restored. The downstairs retail space is about 2,500 square feet with wonderful hardwood floors and beautiful original tin ceilings. It is currently rented to a Merle Norman Cosmetics store and boutique. The lights have been converted to LED and the electric has been serviced and upgraded. The brick on both the front and the back of the building was tuckpointed in 2022 and air purification systems were added to the HVAC units during that same time period. The upstairs of the building was fully renovated in 2022 with all new electric, HVAC and plumbing. The space is 1,650 square feet and has two bedrooms and a fully modern kitchen and bathroom. Many of the original details of the space were saved and restored including the hardwood floors, sitting room wallpaper, most of the original woodwork, the French doors on the bedrooms, the tile in front of the fireplace, and the antique fireplace mantle. New siding was installed on the upper south side of the building, all windows were replaced, the stairwells were drywalled and painted and emergency lights were installed. This space is currently used as an Airbnb and comes fully furnished. Great possibilities to rent out both the upstairs and downstairs or live in the upstairs and rent out the downstairs or use the downstairs for your business and rent out the upstairs. The downtown area has a nice number of local shops, restaurants, bars and a nice movie theatre. As an investment, or as your home, this property is both a lifestyle and aa business opportunity.

FOR SALE DETAILS

PRICE

$239,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1897

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

-

APN/PARCEL ID

045-21-0-30-05-006.00-0

ASK ABOUT THIS PROPERTY

Jeff PortsUnited Country Real Estate ProfessionalsMore Info
620-431-2030

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Jeff PortsUnited Country Real Estate ProfessionalsMore Info
620-431-2030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.