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    515 Us-54 Andover, KS

    For Sale
    $2,500,000

    Commercial land suitable for medical, retail, hospitality, or mixed-use development.

    Lot size:
    18.90 Acres

    Property Features for 515 Us-54

    General Information

    Lot size
    18.90 Acres

    Source: At Home Wichita Real Estate Agent Todd Woodburn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Development Property For Sale

    This commercial development property is available for sale and offers a prime location suitable for a medical complex, retail establishment, hospitality venture, or a mixed-use development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Andover
    County
    Butler
    State
    Kansas
    Longitude
    -97.1364294
    Latitude
    37.7139041

    Nearby Similar for Sale

    • $1,375,000
      9,549 SF

      Free-Standing Building in Andover

      9,549 SF building with flexible use potential in Andover, Kansas.
      736 N Andover Rd, Andover, KS 67002
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    • $1,375,000
      9,549 SF

      Free-Standing Building in Andover

      9,549 SF building suitable for office, medical, or retail.
      Andover, KS 67002
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    FAQs

    What type of property is this?
    Land - Commercial land suitable for medical, retail, hospitality, or mixed-use development.
    Where is this land located?
    The property is located at 515 Us-54 Andover, KS.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Prime location for commercial development.; - Suited for medical complex.; - Suitable for retail development.
    (316) 312-0400
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    515 Us-54 Andover, KS
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    Andover, KS
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 Us-54 Andover, KS
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