Mixed-Use Property with Central
New
For Sale
$329,000
414 S 4th, Manhattan, KS 66502
COMMERCIAL - Manhattan, KS
Property Size1,560 SF
Price / SF$210.90
Days on Market2
Property Features for 414 S 4th
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
1,560 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
WARD 1 , N36' LTS 417,418
Tax Annual Amount
2135
Legal Description
WARD 1 , N36' LTS 417,418
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1959
Number of units
1
Flooring type
Carpet
Roof type
Composition
Listing Agency:
Alliance Realty
(785) 320-2828
Listed By:
Mollie Avery
(785) 738-8773
Added: Jul 30
Last Checked: Jul 31 at 5:06AM
MLS# 20262017
Copyright © 2026 Flint Hills 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.
Mixed-use property in downtown Manhattan, Kansas with a single building footprint and approximately 1,560 SF. The interior features carpet flooring, and the property is served by electric heating with central air conditioning.
Built in 1959, the building has a composition roof and is connected to public sewer. The property is positioned at 414 S 4th, Manhattan, KS 66502.
The mixed-use configuration is designed to support multiple ways of use, including combining commercial space with residential living, or using the building for other mixed-use concepts under mixed-use zoning provisions.
Built in 1959, the building has a composition roof and is connected to public sewer. The property is positioned at 414 S 4th, Manhattan, KS 66502.
The mixed-use configuration is designed to support multiple ways of use, including combining commercial space with residential living, or using the building for other mixed-use concepts under mixed-use zoning provisions.
Key Highlights
- Approximately 1,560 SF mixed‑use building
- Central air conditioning
- Electric heating
Financial Insights For Office B
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 | $35.9k | $23.04 |
| − Vacancy | −$4.0k | −$2.56 |
| EGI | $32.0k | $20.48 |
| − OpEx | −$8.0k | −$5.12 |
| NOI | $24.0k | $15.36 |
1,560 SF · lease $23.04/SF/yr · vacancy 11.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$342.4K
$299.6K – $399.4K
NOI $23,965 @ 7.0% cap · market cap 7.28%
Second Best
Mixed Use
$235.7K
$206.2K – $275.0K
NOI $16,497 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$357.0K
$312.4K – $416.5K
NOI $24,990 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
Explore this area
Business Placement
Demographics for 66502, KS
44,384
Population
20,700
Households
2.1
Avg Household Size
28
Median Age
46%
College-Educated
95%
High-School Grad
221.7 sq mi
ZIP Area
200
Density / Sq Mi
$52,363
Median Household Income
$22,091
Median Earnings
$953
Median Rent
$217,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown Manhattan mixed-use property with central air and electric heat, offering residential and commercial flexibility.
Where is this mixed-use property located?
The property is located at 414 S 4th Manhattan, KS.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Approximately 1,560 SF mixed‑use building; Central air conditioning; Electric heating
