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Downtown Mixed-Use Building with Retail and Apartment
For Sale
$99,000

516 Market, Osage City, KS 66523

SINGLE_FAMILY - Other - Osage City, KS

Property Size3,005 SF
Lot Size0.04 Acres
Price / SF$32.95
Days on Market8

Property Features for 516 Market

General Information

Property type Residential
Property subtype Duplex
Bedrooms 3
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 3, Bathroom 1, Laundry Room, Kitchen, Bedroom 2, Bedroom 1
Subdivision Wetherells
Elementary school Osage City Elementary School/USD 420
Middle school Osage City Middle School/USD 420
High school Osage City High School/USD 420
Directions From Topeka, head south on HWY 75, take the first exit onto HWY K-31, K-31 turns into Laing, then Market St., the property sits on the north side of Market St.
Standard status Active
APN 8656
Size 3,005 SF
Lot size 0.04 Acres

Taxes and HOA fees

Tax Annual Amount 1667

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1900
Floors in Building 2
Architectural style Other
Listing Agency: Liberty Real Estate LLC
Listed By: Amie Lohmeyer
Added: Jul 30 Changed: Aug 3 Last Checked: Aug 6 at 7:06AM
MLS# 245823

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 mixed-use property combines a main-floor commercial/retail space with a separate second-floor residential apartment. The commercial area includes an entry lobby, two private offices, storage space, and a restroom. The residential unit is a 3-bedroom, 1-bath apartment with a separate entrance. Each unit has separate utilities.

The building sits on a 0.04-acre lot and offers about 3,005 square feet total building size. Built in 1900, it is served by public water and public sewer.

With distinct retail and residential spaces and separate utility service for each unit, the layout is set up for day-to-day separation of operations between the commercial and residential components.

Key Highlights

  • 0.04‑acre lot and about 3,005 SF total building size
  • Main‑floor commercial/retail space with entry lobby, two offices, storage, and restroom
  • Second‑floor 3‑bedroom, 1‑bath apartment with separate entrance

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Pharmacy Spa & Massage Center Nail Salon

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

1
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

231
Businesses Nearby
20k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 66% Dining 34%
Osage City Shops & Services
8,522 visits/mo 0.4 miles
SONIC Drive In Dining
6,924 visits/mo 0.4 miles
Dollar General Shops & Services
4,671 visits/mo 0.4 miles

Demographics for 66523, KS

3,722
Population
1,777
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
153.1 sq mi
ZIP Area
24
Density / Sq Mi
$69,284
Median Household Income
$38,750
Median Earnings
$845
Median Rent
$148,100
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use building with main-floor retail space and a separate second-floor three-bedroom apartment with individual utilities.
Where is this mixed-use property located?
The property is located at 516 Market Osage City, KS.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: 0.04‑acre lot and about 3,005 SF total building size; Main‑floor commercial/retail space with entry lobby, two offices, storage, and restroom; Second‑floor 3‑bedroom, 1‑bath apartment with separate entrance
More about this property
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