224 Cloud AveAndover, KS 67002

Property Details for 224 Cloud Ave

Year built

2019

Lot size

0.64 AC

Property size (Sq ft)

3,000 SF

Property type

Retail space

APN

008-309-29-0-20-11-011.00-0

APU

83092902011011000

Description

This exceptional Class A retail property, located at 224 E. Cloud Ave in Andover, Kansas, offers 3,000 square feet of high-visibility space in a thriving commercial area. Built in 2019, this single-story, one-building strip center features two suites and sits on a 0.63-acre lot. The property boasts a highly desirable end-cap location with direct frontage on US-54/Kellogg, ensuring maximum exposure to a substantial daily traffic volume. Its strategic location near the intersection of Kellogg and Andover Road places it directly in front of a Dillons Marketplace, providing immediate access to a large customer base. Across the street is The Heritage, a new 100-acre mixed-use development, further enhancing the area's growth potential and attracting a diverse clientele. The property's proximity to established businesses such as Dutch Bros, Applebee's, Arby's, and Los Cocos, among others, creates a synergistic environment and reinforces its prime commercial location. The property is zoned GC in Butler County, Kansas, and offers significant opportunities for a variety of retail businesses. This is a rare opportunity to secure a high-impact retail space in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $762,539

  6.5%

  $703,883

  7%

  $653,605

• Comparable approach

  Method

  Valuation

  Relative Method

  $540,767

  Geo Method

  $540,767

• Alternative Use

  Use

  Valuation

  Residential

  $593,751

  Hospitality

  $543,873

  Educational

  $452,496

  Medical

  $468,058

  Retail

  $703,883

Location Insight

City

Andover

County

Butler

State

Kansas

Latitude

37.6788

Longitude

-97.1332

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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