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Downtown Mixed-Use Building
For Sale
$99,000

516 Market, Osage City, KS 66523

COMMERCIAL - Osage City, KS

Property SizeContact for details
Days on Market21

Property Features for 516 Market

General Information

Property type Commercial Sale
Property subtype Other
Zoning D-1 Downtown Mixed Use
Zoning description commercial and industrial
Parking 5
Parking features On Street
Lot features Downtown Area
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

Taxes and HOA fees

Tax Annual Amount 1666

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Natural Gas, Central, Electric (Heating)
Water source Public

Building Details

Year built 1900
Floors in Building 2
Flooring type Carpet
Roof type Flat
Listing Agency: Liberty Real Estate LLC
Listed By: Amie Lohmeyer
Added: Jul 30 Changed: Aug 19 Last Checked: Aug 19 at 3:06PM
MLS# 245821

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 building contains 1,500 SF of commercial space on the main floor and a 1,400 SF apartment above. The commercial portion includes an entry lobby, two private offices, storage, and a restroom. The residential unit has three bedrooms, one bathroom, and its own entrance, creating clear separation between the two uses.

Located at 516 Market in Osage City, the property carries D-1 Downtown Mixed Use zoning. Separate utilities serve the commercial and residential areas, with tenants responsible for their own utility bills. Additional property features include public water, public sewer, natural gas availability, a flat roof, carpet flooring, and on-street parking. The building dates to 1900.

Key Highlights

  • 1,500 SF main‑floor commercial space with lobby, 2 private offices, storage, and restroom
  • 1,400 SF second‑floor apartment with 3 bedrooms and 1 bathroom
  • Separate entrances and utilities serve the commercial and residential areas

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.

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 - Two-level property combines street-level commercial space with a separately entered residential apartment.
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: 1,500 SF main‑floor commercial space with lobby, 2 private offices, storage, and restroom; 1,400 SF second‑floor apartment with 3 bedrooms and 1 bathroom; Separate entrances and utilities serve the commercial and residential areas
More about this property
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