2525 Iowa StLawrence, KS 66046

Property Details for 2525 Iowa St

Year built

1974

Lot size

5.39 AC

Property size (Sq ft)

91,075 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

111-11-0-10-05-001.00-0

APU

1111101005001000

Description

Lawrence Marketplace offers two exceptional retail spaces for lease, ideally situated in Lawrence's premier retail corridor. One space comprises 5,791 square feet, previously used as a dog training facility, while the second is a substantial 36,321 square foot big-box unit. These spaces are contiguous to an existing 42,112 square foot building, presenting significant expansion or consolidation opportunities. The property boasts excellent visibility and accessibility, enjoying easy access to Iowa Street, a major thoroughfare with over 23,500 cars passing daily (CPD). This strategic location places the property between the University of Kansas and K-10 Highway, ensuring high traffic volume and exposure to a diverse customer base. The property is categorized as multi-tenant retail space within Douglas County. The combined square footage of the available spaces provides a unique opportunity for businesses seeking significant retail presence in a high-demand area. Whether seeking a smaller space for a specialized business or a larger footprint for a major retailer, Lawrence Marketplace offers a compelling opportunity to establish or expand within a thriving commercial environment. The property's location within a well-established retail area guarantees high visibility and accessibility, making it an attractive option for a wide range of businesses. The contiguous nature of the available spaces and the presence of an adjacent building offer considerable flexibility for future development and expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $22,528,806

  6.5%

  $20,795,822

  7%

  $19,310,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,416,779

  Geo Method

  $16,416,779

• Alternative Use

  Use

  Valuation

  Residential

  $17,542,054

  Hospitality

  $16,068,426

  Educational

  $13,368,742

  Medical

  $13,828,514

  Retail

  $20,795,822

Location Insight

City

Lawrence

County

Douglas

State

Kansas

Latitude

38.9379

Longitude

-95.2618

CBSA code

29940

CBSA name

LAWRENCE, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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