Retail Storefront with
616 S Topeka AVE Lyndon, KS 66451
616 S Topeka AVE, Lyndon, KS, 66451
$120,000
For Sale
$120,000
COMMERCIAL - Lyndon, KS
Property Size722 SF
Price / SF$166.20
Days on Market83
Property Features for 616 S Topeka AVE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-1 Commercial
- Parking features
- On Street
- Standard status
- Active
- APN
- 7206
Taxes and HOA fees
- Tax Annual Amount
- 2678
Utilities
- Utilities
- Electricity Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Electric (Heating), Central
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Wood
- Roof type
- Flat
Listing agency
KW One Legacy Partners, LLC
(785) 246-8075
Listed by
John Ringgold
(785) 806-2711
Added: May 1 Updated: Jul 11 at 7:33AM Checked: Jul 22 at 2:06PM
MLS# 244300
Copyright © 2026 Sunflower Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 616 S Topeka Ave in Lyndon, Kansas, this C-1 Commercial storefront is currently tenant-occupied and operating as a CBD shop. The interior layout supports retail traffic with a 722-square-foot showroom at the front (38' x 19'), complemented by a full back-of-house area for day-to-day operations.
The back-of-house includes employee workspace, a private office, storage room, bathroom, and a kitchen area with a large commercial sink. The setup is designed for an active business, with space allocated for both customer-facing presentation and operational needs.
Offered for sale as a solid income property with rent currently in place, the building presents a functional, ready-to-occupy retail configuration for a buyer looking to take over an operating use under existing terms.
The back-of-house includes employee workspace, a private office, storage room, bathroom, and a kitchen area with a large commercial sink. The setup is designed for an active business, with space allocated for both customer-facing presentation and operational needs.
Offered for sale as a solid income property with rent currently in place, the building presents a functional, ready-to-occupy retail configuration for a buyer looking to take over an operating use under existing terms.
Key Highlights
- Downtown retail space with tenant in place, currently operating as a CBD shop and collecting $900/month rent
- 722 SF showroom up front (38' x 19') designed for retail frontage
- Back‑of‑house includes employee workspace, private office, storage room, bathroom, and kitchen area
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $6.5k | $9.00 |
| − Vacancy | −$520 | −$0.72 |
| EGI | $6.0k | $8.28 |
| − OpEx | −$1.8k | −$2.48 |
| NOI | $4.2k | $5.80 |
722 SF · lease $9.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$59.8K
$52.3K – $69.8K
NOI $4,185 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$81.4K
$71.3K – $95.0K
NOI $5,701 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
John's Joint - Gift ...
(Bike/Boat/Book/etc) Store
Lakes Learning Center
Training Center
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Tenant-operated downtown retail space in C-1 zoning with showroom area and back-of-house workspace.
Where is this retail space located?
The property is located at 616 S Topeka AVE Lyndon, KS.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Downtown retail space with tenant in place, currently operating as a CBD shop and collecting $900/month rent; 722 SF showroom up front (38' x 19') designed for retail frontage; Back‑of‑house includes employee workspace, private office, storage room, bathroom, and kitchen area
