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Listing provided courtesy of RE/MAX AssociatesMLS# 672732MLS ProviderContact Information: CELL: 316-500-7635
  • 52 days on site
  • 17 views

Turnkey Restaurant Opportunity with Live-Work Potential in the Heart of Newton! Welcome to 121 W 5th St, known as the EL Toro Restaurant—a prime commercial property in downtown Newton, KS. The property offers a fully operational Mexican restaurant on the main level and untapped potential on the upper floor. This property is ready for your vision, whether you're looking to continue the restaurant business or bring your own culinary concept to life. The main level includes a spacious dining area, a kitchen equipped with essential appliances, and all necessary fixtures to get started right away. Upstairs, the second floor presents a unique opportunity to create a private residence, office space, or short-term rental — ideal for owner-operators or additional income. Located just off Main Street with excellent visibility, foot traffic, and ample nearby parking, this property combines charm, convenience, and investment potential. Don’t miss your chance to own a piece of downtown Newton with both business and living space possibilities!

Source: Wichita MLS, MLS#: 672732

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  • Property Type
    Commercial Sale
  • Lot
    0.13 acres

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Melanie Jacobs McGraw

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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Life at 121 W 5th St

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/30/2026Source: Wichita MLS Status Change
Pending
5/8/2026Source: Wichita MLS Added to Database
May 08, 2026