Prime Investment Opportunity:
This distinguished two-story property, constructed in 1911, was originally home to the First National Bank of Meade, KS. Located at the intersection of HWY 23 and HWY 54, this property lies in the heart of the city of Meade. The first floor comprises three retail spaces totaling approximately 7,000 square feet. One unit, measuring around 1,850 square feet with solid wood flooring and a bathroom, is currently leased. A second space—previously occupied by an office supply store offering printing and cellular services—remains vacant and features a sizable rear warehouse with alley access for pickups and deliveries. The original bank vault remains installed in this area, which adds notable historical interest. The third retail space is presently leased to an insurance company.
The upper level contains three fully furnished apartments available for both short- and long-term rental arrangements. Shared amenities on the second floor include a dedicated laundry room and storage area. Additionally, the west side of the building houses three adaptable spaces suitable for retail or office use. At the rear, there is a workshop equipped with a lift for convenient movement of items between floors, along with three unfinished areas that offer the potential for additional apartments or office conversion.
Numerous upgrades have been completed over the past five years, including:
• Replacement and enhancement of lighting fixtures throughout
• Apartment remodel to incorporate a kitchenette
• New Onyx showers added to two apartments
• New blinds installed in apartments and second-floor retail space
• Installation of keyless entry locks
• Upgrades to Wi-Fi smart thermostats
• Upgraded first-floor electrical panel
• Replacement and enhancement of sewer and plumbing systems
• New hot water tank installed
• Installation of new HVAC system in apartment.
• New breaker panel for the second-floor apartment space
• Additional electrical outlets in second-floor retail area
• New Paint on 2nd floor apartments and retails/office space
Over $100,000 has been invested in repair and improvements.