For Sale
$989,000

450 Iowa St Lawrence, KS 66044

High-yield warehouse with office space.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
131
This Lawrence, Kansas industrial property offers a compelling investment opportunity. The 11,000 square foot property, situated on a 1.16-acre lot, comprises two buildings: a 5,400 square foot office building and a 5,600 square foot warehouse. Constructed in 2000 with significant renovations in 2014, 2019, and 2023, the property boasts a metal-on-steel frame construction. The property features 40 parking stalls and is currently 87.73% occupied, generating a strong NOI of $75,048 and a 7.59% cap rate. The asking price is $989,000. Zoned PCD, this versatile property offers various usage possibilities, including owner-occupancy. A 1,350 square foot office suite is currently available for lease at $2,150 per month gross. This property presents a rare chance to acquire a well-maintained, high-performing asset in a desirable location. The property's recent renovations and strong occupancy rate make it an attractive investment for both seasoned and new investors. Don't miss this chance to own a piece of Lawrence's thriving commercial real estate market.

Highlights

  • 2000-built industrial warehouse with recent renovations (2014, 2019, 2023).
  • 11,000 square foot building totaling 5,400 SF of office space and 5,600 SF of warehouse space.
  • 1,350 SF office suite available for lease at $2,150/month gross.
  • 1.16-acre site with 40 parking stalls.

Property Details for 450 Iowa St

Property type
Warehouses, Industrial properties
Year Built
2000
Lot Size (sq. ft)
50,530 SF

Location Insight

City
Lawrence
County
Douglas
State
Kansas
Latitude
38.9926622
Longitude
-95.2600086
450 Iowa St, Lawrence, Kansas

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FAQs

What type of property is this?
Warehouse - High-yield warehouse with office space.
Where is the warehouse located?
The property is located at 450 Iowa St Lawrence, KS.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: 2000-built industrial warehouse with recent renovations (2014, 2019, 2023).; 11,000 square foot building totaling 5,400 SF of office space and 5,600 SF of warehouse space.; 1,350 SF office suite available for lease at $2,150/month gross.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Allison Moore
Allison Moore
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Iowa St
Lawrence, KS 66044

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Iowa St
Lawrence, KS 66044

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

450 Iowa St
  • Allison Moore
    Allison Moore
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