Mixed-Use Property with Live-Work
For Sale
$289,000
414 S 4th, Manhattan, KS 66502
Mixed-use zoning accommodates commercial and residential uses in a downtown setting.
Property Size1,560 SF
Price / SF$185.26
Days on Market91
Property Features for 414 S 4th
General Information
Standard status
Active
Size
1,560 SF
Building Details
Year Built
1959
Listing Agency:
Alliance Realty
Listed By:
Mollie Avery
(785) 738-8773
Source:
Stoneandstory
Added: Aug 2
Changed: Oct 25
Last Checked: Oct 7 at 3:27PM
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 Alliance Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 414 S 4th in Manhattan, Kansas, this mixed-use property combines commercial and residential use potential within a downtown setting. The zoning supports a range of residential and commercial applications, including a business with living space, office use paired with a residence, or another compatible configuration.
The property is positioned near downtown restaurants, shopping, and entertainment, with Kansas State University also identified in the surrounding context. Built in 1959, the asset offers an established building for an owner-user, investor, or operator seeking a property that can accommodate both business and residential functions.
The property is positioned near downtown restaurants, shopping, and entertainment, with Kansas State University also identified in the surrounding context. Built in 1959, the asset offers an established building for an owner-user, investor, or operator seeking a property that can accommodate both business and residential functions.
Key Highlights
- Mixed‑use zoning supports both commercial and residential uses
- Located at 414 S 4th in Manhattan, KS 66502
- Downtown setting near restaurants, shopping, and entertainment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,965
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,300
$479.3K
Cap Rate 7%
$342,357
$342.4K
Cap Rate 9%
$266,278
$266.3K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$35.9K $23.04/SF
− Vacancy
−$4.0K −$2.56/SF
EGI
$32.0K $20.48/SF
− OpEx
−$8.0K −$5.12/SF
NOI
$24.0K $15.36/SF
Area
Riley County, KS
Vacancy
11.10%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,300
Cap Rate 7%
$342,357
Cap Rate 9%
$266,278
Alternative Uses
Best Use
Office B
$342.4K
$299.6K – $399.4K
NOI $23,965 @ 7.0% cap · market cap 8.29%
Second Best
Mixed Use
$235.7K
$206.2K – $275.0K
NOI $16,497 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$357.0K
$312.4K – $416.5K
NOI $24,990 @ 7.0% cap · market cap 8.65%
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use zoning accommodates commercial and residential uses in a downtown setting.
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 $289,000.
What are key features of this property?
This property features: Mixed‑use zoning supports both commercial and residential uses; Located at 414 S 4th in Manhattan, KS 66502; Downtown setting near restaurants, shopping, and entertainment
