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Leased Office Building
For Sale
Contact for pricing
Pending

225 S Walnut Street, Ottawa, KS 66067

Commercial zoning supports retail, office, and medical uses, with secured rear storage available for lease.

Property SizeContact for details
Days on Market142

Property Features for 225 S Walnut Street

General Information

Standard status Pending
Property subtype Retail, Office
Zoning Commercial

Financials

Cap Rate 8%
Opportunity Zone Yes

Amenities

secured storage

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Kornspan Group Inc
Listed By: Steve Kornspan · License #KS 00225222
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 4:25PM

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 Kornspan Group Inc

Investment Insights

Based on property information with market context.

This office building is currently leased to the DMV, medical professionals, and a church. The property includes secured rear storage measuring 65 by 20 feet, which can be leased separately. The building is located in the downtown CBD and sits one block from Main Street.

Additional context includes proximity to Legacy Square Event space, one block away. Free city parking is available, with additional parking behind the building. The property is zoned Commercial for retail, office, and medical uses and is designated as an Opportunity Zone. The stated cap rate is 8 cap.

Key Highlights

  • Currently leased to the DMV, medical professionals, and a church
  • Secured 65x20 foot rear storage area available for lease
  • Zoned Commercial for retail, office, and medical uses

Property Analytics

Current Use

Kansas Drivers License Department Of Motor Vehicles Adam Maxwell Alternative Medicine Practice Capturing Serenity Crisis Center

Suggested Use

Top Pick Parking Lot & Garage Pharmacy HVAC Service Daycare Center Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

512
Businesses Nearby

Demographics for 66067, KS

16,011
Population
7,090
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
92%
High-School Grad
164.0 sq mi
ZIP Area
98
Density / Sq Mi
$70,653
Median Household Income
$39,170
Median Earnings
$957
Median Rent
$175,600
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Commercial zoning supports retail, office, and medical uses, with secured rear storage available for lease.
Where is this office building located?
The property is located at 225 S Walnut Street Ottawa, KS.
What are key features of this property?
This property features: Currently leased to the DMV, medical professionals, and a church; Secured 65x20 foot rear storage area available for lease; Zoned Commercial for retail, office, and medical uses
More about this property
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