2861 Kansas AveTopeka, KS 66611

Property Details for 2861 Kansas Ave

Year built

1969

Lot size

1.58 AC

Zone code

C4

Property type

Strip malls

Property subtype

Neighborhood centers

APN

133-07-0-30-01-007.00

APU

133070300100700

Description

This single-story, 13,988 square foot commercial property located at 2861 S Kansas Ave, Topeka, KS 66611, offers a fantastic opportunity for businesses seeking office space. Built in 1969 and renovated in 2018, the building features a traditional office layout within a multi-tenant setting. The property sits on a sizable 68,874 square foot lot and boasts ample parking with 70+ spaces available. Currently, 1,738 square feet of space is vacant, presenting an immediate opportunity for expansion or new tenancy. The building is zoned C4, allowing for a variety of commercial uses. Its convenient location just north of 29th on Kansas Avenue in Shawnee County makes it easily accessible for employees and clients alike. The property's 1969 construction date, coupled with the 2018 renovation, ensures a blend of character and modern functionality. This is an ideal location for retail or office services seeking a well-maintained space in a thriving commercial area. The substantial lot size offers potential for future development or expansion. This property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $17,563,528

  6.5%

  $16,212,487

  7%

  $15,054,453

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,406,092

  Geo Method

  $12,406,092

• Alternative Use

  Use

  Valuation

  Residential

  $13,675,840

  Hospitality

  $12,526,996

  Educational

  $10,422,313

  Medical

  $10,780,753

  Retail

  $16,212,487

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

39.0163

Longitude

-95.6824

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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