Remodeled Medical Office with Attached
415 Market ST Osage City, KS 66523
415 Market ST, Osage City, KS, 66523
$112,900
For Sale
$112,900
COMMERCIAL - Osage City, KS
Property Size1,000 SF
Price / SF$112.90
Days on Market171
Property Features for 415 Market ST
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-1 Commercial
- Parking
- 5
- Parking features
- On Street
- Standard status
- Active
- APN
- 8679
Taxes and HOA fees
- Tax Description
- WETHERELLS 1ST ADDN , W20' LT 21 & E3.33' LT 23 BL
- Tax Annual Amount
- 3460
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 1
- Flooring type
- Concrete, Tile
- Roof type
- Flat
Listing Agency
Liberty Real Estate LLC
(785) 828-4245
509 S Topeka Ave, Lyndon, KS
Listed by
Carla Sloop
(785) 640-4824
Added: Jan 28 Checked: Jul 18 at 4:06 pm
MLS# 242816
Copyright © 2026 Sunflower 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.
This remodeled medical office has been a well-established sports and chiropractic practice for 12+ years and was tastefully remodeled from top to bottom in 2012. The front entry opens to a waiting room area with large windows and natural light. Inside, there are three rooms that work as office space, plus a large open area in the center of the building that can support additional offices and a conference room setup.
The property is located in the hub of Osage City on Market Street in a C-1 Commercial zoning district.
An attached metal building was added in 2009 at the back, measuring 50' x 20'. It includes a 10' x 12' overhead garage door and a separate alley entry door, providing dedicated space that can be used for storage and other on-site uses.
The property is located in the hub of Osage City on Market Street in a C-1 Commercial zoning district.
An attached metal building was added in 2009 at the back, measuring 50' x 20'. It includes a 10' x 12' overhead garage door and a separate alley entry door, providing dedicated space that can be used for storage and other on-site uses.
Key Highlights
- Remodeled in 2012; previously used as a sports & chiropractic office for 12+ years
- 1910 building with flat roof, concrete and tile flooring
- Includes central heating with natural gas and electric (heating) utilities; natural gas available
Local Financial Insights For Healthcare Medical
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 | $12.6k | $12.60 |
| − Vacancy | −$882 | −$0.88 |
| EGI | $11.7k | $11.72 |
| − OpEx | −$4.7k | −$4.69 |
| NOI | $7.0k | $7.03 |
1,000 SF · lease $12.60/SF/yr · vacancy 7.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$100.4K
$87.9K – $117.2K
NOI $7,031 @ 7.0% cap · market cap 6.23%
Second Best
Office B
$48.5K
$42.4K – $56.6K
NOI $3,395 @ 7.0% cap · market cap 3.01%
Theoretical Best
Self Storage
$112.8K
$98.7K – $131.6K
NOI $7,896 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Osage Sports & Family ...
Physician
Dr. Alex Boss
Alternative Medicine Practice
FAQs
What type of property is this?
Medical Office Space - Remodeled office building with three rooms, waiting area, and an attached metal building with overhead garage door and separate alley access.
Where is this medical office space located?
The property is located at 415 Market ST Osage City, KS.
What is the asking price?
The asking price for this property is $112,900.
What are key features of this property?
This property features: Remodeled in 2012; previously used as a sports & chiropractic office for 12+ years; 1910 building with flat roof, concrete and tile flooring; Includes central heating with natural gas and electric (heating) utilities; natural gas available
