Historic Retail and Loft
526 MARKET ST Osage City, KS 66523
526 MARKET ST, Osage City, KS, 66523
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For Sale
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Two-building property with leased front retail space, a back drive-up area, and an upstairs dome-style loft with rooftop access.
Property Size5,188 SF
Price / SF$51.66
Days on Market62
Property Features for 526 MARKET ST
General Information
- Standard status
- Active
- Size
- 5,188 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1880
Listing agency
Superior Real Estate and Land Group LLC.
Listed by
Brandy Criss Engler · License #KSKS
Source
Crexi
Added: May 22 Updated: Jul 22 at 10:54AM Checked: Jul 22 at 10:54AM
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 Superior Real Estate and Land Group LLC.
Investment Insights
Based on property information with market context.
This offering includes two commercial buildings on Market Street. The front retail space is currently leased to ECAN, while the other front portion is owner-occupied. The back area is equipped with a kitchen, a drive-up window, and a garage door.
Upstairs, the property features a large loft space originally envisioned as an event or wedding venue. The loft includes a distinctive dome, original hardwood floors, and historic brick walls dating back to the building’s 1879 opera house days, along with rooftop access.
Adjacent development is noted with the Star Block project bringing in 40 Barrels Coffee & Café and an 1889 guest house next door, and a RadioShack operating across the street. The total listed size is 5,188 SF, with the property identified for office and retail use.
Upstairs, the property features a large loft space originally envisioned as an event or wedding venue. The loft includes a distinctive dome, original hardwood floors, and historic brick walls dating back to the building’s 1879 opera house days, along with rooftop access.
Adjacent development is noted with the Star Block project bringing in 40 Barrels Coffee & Café and an 1889 guest house next door, and a RadioShack operating across the street. The total listed size is 5,188 SF, with the property identified for office and retail use.
Key Highlights
- Two commercial buildings on Market Street with a total 5,188 SF and Year Built 1880
- Front retail space is leased to ECAN, with an additional front unit that is owner‑occupied
- Back area includes a kitchen plus a drive‑up window and garage door access
Local 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 | $28.6k | $5.52 |
| − Vacancy | −$5.2k | −$0.99 |
| EGI | $23.5k | $4.53 |
| − OpEx | −$5.9k | −$1.13 |
| NOI | $17.6k | $3.39 |
5,188 SF · lease $5.52/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$429.6K
$375.9K – $501.2K
NOI $30,070 @ 7.0% cap · market cap 11.22%
Second Best
Office B
$251.6K
$220.2K – $293.5K
NOI $17,612 @ 7.0% cap · market cap 6.57%
Theoretical Best
Self Storage
$585.2K
$512.1K – $682.7K
NOI $40,964 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Two-building property with leased front retail space, a back drive-up area, and an upstairs dome-style loft with rooftop access.
Where is this retail space located?
The property is located at 526 MARKET ST Osage City, KS.
What is the asking price?
The asking price for this property is $268,000.
What are key features of this property?
This property features: Two commercial buildings on Market Street with a total 5,188 SF and Year Built 1880; Front retail space is leased to ECAN, with an additional front unit that is owner‑occupied; Back area includes a kitchen plus a drive‑up window and garage door access
