Retail Building with Paved
For Sale
Contact for pricing
3101 N Lorraine St, Hutchinson, KS 67502
Concrete block retail building featuring a large paved parking lot, 16’ high ceilings, and an open floorplan.
Property Size15,200 SF
Price / SF$0.03
Days on Market254
Property Features for 3101 N Lorraine St
General Information
Standard status
Active
Size
15,200 SF
Property subtype
RETAIL
Additional Details
Clear Height
16 ft
Building Details
Construction
concrete block
Listing Agency:
Landmark Commercial Real Estate
(316) 262-2442
Listed By:
Maribeth Reimer · License #SP00231222
(620) 727-7806
Source:
Moodyscre
Added: Feb 16
Changed: Oct 25
Last Checked: Oct 26 at 2:43PM
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 Landmark Commercial Real Estate
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Investment Insights
Based on property information with market context.
This concrete block retail building offers an open floorplan with 16’ high ceilings and approximately 15,200 square feet of space. The property is supported by a large paved parking lot designed for customer and tenant use.
The building is located just off 30th and Lorraine in Hutchinson, Kansas. Its single-site parking setup can support a range of retail layouts that benefit from flexible, open interior space.
With the combination of high ceilings and an open interior plan, the space is well suited to uses that require broad floor coverage and straightforward buildout possibilities within the existing structure.
The building is located just off 30th and Lorraine in Hutchinson, Kansas. Its single-site parking setup can support a range of retail layouts that benefit from flexible, open interior space.
With the combination of high ceilings and an open interior plan, the space is well suited to uses that require broad floor coverage and straightforward buildout possibilities within the existing structure.
Key Highlights
- Concrete block retail building just off 30th & Lorraine
- Huge paved parking lot
- 16’ high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,789
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,895,780
$2.9M
Cap Rate 7%
$2,068,414
$2.1M
Cap Rate 9%
$1,608,767
$1.6M
Market Conditions
NOI Build-Up for 15,200 SF
Gross rent
$218.9K $14.40/SF
− Vacancy
−$12.0K −$0.79/SF
EGI
$206.8K $13.61/SF
− OpEx
−$62.1K −$4.08/SF
NOI
$144.8K $9.53/SF
Area
Reno County, KS
Vacancy
5.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,895,780
Cap Rate 7%
$2,068,414
Cap Rate 9%
$1,608,767
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.41M
NOI $144,789 @ 7.0% cap · market cap 32,175.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,378 @ 7.0% cap · market cap 47,861.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
158k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Groceries 36%
Shops & Services 24%
Home Improvements & Furnishings 1%
Dillons
Groceries
56,297 visits/mo
0.4 miles
Dillons Fuel Center
Shops & Services
18,368 visits/mo
0.4 miles
Taco Bell
Dining
16,018 visits/mo
0.4 miles
SONIC Drive In
Dining
14,456 visits/mo
0.4 miles
Spangles
Dining
11,111 visits/mo
0.4 miles
Demographics for 67502, KS
23,770
Population
10,868
Households
2.2
Avg Household Size
46
Median Age
30%
College-Educated
96%
High-School Grad
73.3 sq mi
ZIP Area
324
Density / Sq Mi
$73,192
Median Household Income
$42,541
Median Earnings
$919
Median Rent
$178,400
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Concrete block retail building featuring a large paved parking lot, 16’ high ceilings, and an open floorplan.
Where is this retail space located?
The property is located at 3101 N Lorraine St Hutchinson, KS.
What are key features of this property?
This property features: Concrete block retail building just off 30th & Lorraine; Huge paved parking lot; 16’ high ceilings
