450 Iowa StLawrence, KS 66044

Property Details for 450 Iowa St

Year built

2000

Lot size

1.16 AC

Property size (Sq ft)

5,400 SF

Property type

Retail space

APN

066-24-0-30-01-008.00-0

APU

662403001008000

Description

This exceptional 11,000-square-foot office building, located at 450 N. Iowa Street in Lawrence, Kansas, presents a unique investment opportunity. Built in 2000 and extensively renovated in 2023, the property boasts a blend of traditional and creative office spaces, making it suitable for a diverse range of businesses. The building sits on a generous 1.16 acres of land, zoned PCD, offering ample space and flexibility. Currently configured for multiple tenants, there are three available spaces ranging from 1,300 to 4,050 square feet, providing options for businesses of various sizes. The recent renovations ensure modern amenities and a high-quality workspace. Its prime location in Lawrence, Kansas, zip code 66044, offers excellent accessibility and visibility. The property's versatility extends beyond traditional office use

• CAP approach

  CAP return

  Valuation

  6%

  $1,377,065

  6.5%

  $1,271,137

  7%

  $1,180,342

• Comparable approach

  Method

  Valuation

  Relative Method

  $973,380

  Geo Method

  $973,380

• Alternative Use

  Use

  Valuation

  Residential

  $1,072,252

  Hospitality

  $982,177

  Educational

  $817,160

  Medical

  $845,263

  Retail

  $1,271,137

Location Insight

City

Lawrence

County

Douglas

State

Kansas

Latitude

38.9926

Longitude

-95.2597

CBSA code

29940

CBSA name

LAWRENCE, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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