415 W Madison Ave - Restaurant FOR SALE


Iola, KS 66749
$450,000 USD
620-228-1413
415 W Madison Ave, Iola, KS for Sale
$450,000 USD
Restaurant - FOR SALE
1/84
null | Request Cap Rate

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415 W Madison Ave
Iola, KS 66749


HIGHLIGHTS

  • * Prime Highway Visibility: Situated on a high-traffic 1.16-acre lot directly on US-54 Highway, serving as the prominent gateway into Iola.
  • * Massive Regional Growth Potential: Perfectly positioned to capitalize on a wave of regional tourism driven by the newly opened Lehigh Portland State
  • * Expansive, Scalable Layout: Features a substantial 17,000-square-foot all-brick structure, including a 2,200-square-foot upper-level loft ready for
  • * Turnkey High-Volume Kitchen: Fully outfitted with a complete bar layout and heavy-duty, commercial-grade kitchen equipment included in the sale
  • * Robust Mechanical Upgrades: Equipped with recently upgraded commercial HVAC systems and a fully operational industrial freight elevator for seamless
  • * Versatile Commercial Zoning: Highly flexible layout ideal for an upscale restaurant, a high-capacity event venue, a microbrewery, or a multi-tenant

OVERVIEW

PRIME COMMERCIAL INVESTMENT OPPORTUNITY ON US-54 HIGHWAY! Position your next venture at the true gateway to Iola, Kansas! This expansive, multi-functional commercial property offers incredible flexibility as an upscale restaurant, premium bar, or high-capacity event venue. Spanning an impressive 17,000 total square feet, the architectural character of the all-brick structure features a striking 2,200 square foot upper-level loft area with ample room to further scale, customize, or expand operations. Situated on a highly visible 1.16-acre lot right on US-54 Highway—a major regional thoroughfare—your business will capture high volumes of steady traffic. Timing could not be more perfect: this property is situated perfectly to capitalize on the massive wave of regional tourism arriving with the opening of Lehigh Portland State Park. Boasting a crystal-clear 138-acre quarry lake, scenic limestone cliffs, miles of singletrack trails, and RV campgrounds, this major state attraction is set to draw visitors from across the region right past your front door! Property Highlights: Turnkey Infrastructure: Outfitted with a complete bar layout and a fully equipped commercial kitchen engineered to handle high-volume dining as well as large-scale catering operations. (All heavy-duty restaurant equipment is included!) Mechanical Infrastructure: Equipped with recently upgraded commercial HVAC systems to ensure comfort across the entire layout. Logistical Ease: Features an operational industrial freight elevator to seamlessly manage inventory, catering supplies, and multi-level service logistics between floors. Flexible Zoning and Layout: Ideal for a standalone regional dining destination, microbrewery, wedding/corporate event venue, or a multi-tenant commercial hub. Seize the chance to own a landmark piece of real estate in a rapidly growing economic corridor. Schedule your private walkthrough today!

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$26 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Residential, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

45,983 SF

ZONING

Commercial

APN/PARCEL ID

078-34-0-10-04-002.00-0

ASK ABOUT THIS PROPERTY

Jennifer ChesterCrown RealtyMore Info
620-228-1413

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Jennifer ChesterCrown RealtyMore Info
620-228-1413

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