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501 N State St 4,224 SF Office Building Iola, KS 66749 $232,882 CAD ($55.13 CAD/SF)
Investment Highlights
- Electricity ,Natural Gas ,Sewer ,Water Available
Executive Summary
Great Commercial Investment property opportunity in Iola, Kansas. This 4,224 square foot office property is located on State Street in just a few blocks South from Walmart. Selling at only $40 per square foot the property is a real bargain with locked in income from an existing lease with TFI Family Services. The lease runs for two more years and then the tenant has two, one-year options, with 3% increases each year. Tenant pays for mowing and minor HVAC and plumbing repairs so very little landlord responsibility or expense.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,224 SF
Building Class
C
Year Built
2020
Price
$232,882 CAD
Price Per SF
$55.13 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,224 SF
Building FAR
0.35
Lot Size
0.28 AC
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 077-26-0-30-24-006.00-0 | Improvements Assessment | $48,891 CAD |
| Land Assessment | $3,614 CAD | Total Assessment | $52,506 CAD |
Property Taxes
Parcel Number
077-26-0-30-24-006.00-0
Land Assessment
$3,614 CAD
Improvements Assessment
$48,891 CAD
Total Assessment
$52,506 CAD
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501 N State St
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