High-Rise Hotel Redevelopment
914 SE Madison St Topeka, KS 66607
914 SE Madison St, Topeka, KS, 66607
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For Sale
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1969 concrete-and-steel high-rise hotel is fully gutted and structurally sound, with 185-key redevelopment potential.
Property Size102,960 SF
Price / SF$7.98
Days on Market718
Property Features for 914 SE Madison St
General Information
- Standard status
- Active
- Size
- 102,960 SF
- Property subtype
- Hospitality, Mixed Use, Multifamily
Building Details
- Year Built
- 1969
Listing agency
Genesis, LLC, REALTORS
Listed by
Makayla Girodat · License #KS 00238438
Source
Crexi
Added: Aug 3, 2024 Updated: Jul 21 at 6:29AM Checked: Jul 21 at 6:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Genesis, LLC, REALTORS
Investment Insights
Based on property information with market context.
This former Holiday Inn high-rise hotel and conference center was built in 1969 with concrete and steel framing. The interior has been fully gutted, creating a true redevelopment blank slate. Structural engineers have evaluated the building and confirmed it is structurally sound and ready for redevelopment, providing an overbuilt foundation for new plans.
The property is described as a prominent landmark building visible when entering Topeka from the west off I-70. It offers views of Downtown Topeka and is positioned for walkable and bikeable access to local shops, bars, and restaurants, along with quick access to I-70 and the State Capitol.
The offering is described as a Marriott-approved location for Fairfield Inn and Suites and TownPlace Suites, with 185 keys. It is also described as eligible for historic tax credits, with KHS staff issuing a letter of eligibility indicating potentially eligible for the NRHP under Criterion C for its architecture. Additional redevelopment incentive programs referenced include RHID, NRP, a Qualified Opportunity Zone, and a Dynamic Core TIF district, with a note that TIF and NRP cannot be simultaneously applied to the same parcel.
The property is described as a prominent landmark building visible when entering Topeka from the west off I-70. It offers views of Downtown Topeka and is positioned for walkable and bikeable access to local shops, bars, and restaurants, along with quick access to I-70 and the State Capitol.
The offering is described as a Marriott-approved location for Fairfield Inn and Suites and TownPlace Suites, with 185 keys. It is also described as eligible for historic tax credits, with KHS staff issuing a letter of eligibility indicating potentially eligible for the NRHP under Criterion C for its architecture. Additional redevelopment incentive programs referenced include RHID, NRP, a Qualified Opportunity Zone, and a Dynamic Core TIF district, with a note that TIF and NRP cannot be simultaneously applied to the same parcel.
Key Highlights
- 1969 concrete‑and‑steel high‑rise hotel and conference center, fully gutted interior for redevelopment.
- Structurally sound as confirmed by multiple structural engineers and ready for redevelopment.
- 185 keys redevelopment potential, previously a Holiday Inn high‑rise hotel and conference center.
Property Analytics
Location Intelligence
Current Use by Public Records
Red Carpet Inn ...
Hotel & Motel
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FAQs
What type of property is this?
Hotel - 1969 concrete-and-steel high-rise hotel is fully gutted and structurally sound, with 185-key redevelopment potential.
Where is this hotel located?
The property is located at 914 SE Madison St Topeka, KS.
What is the asking price?
The asking price for this property is $822,000.
What are key features of this property?
This property features: 1969 concrete‑and‑steel high‑rise hotel and conference center, fully gutted interior for redevelopment.; Structurally sound as confirmed by multiple structural engineers and ready for redevelopment.; 185 keys redevelopment potential, previously a Holiday Inn high‑rise hotel and conference center.
