Commercial Building with Double
722 SW Kansas AVE Topeka, KS 66603
722 SW Kansas AVE, Topeka, KS, 66603
$499,000
For Sale
$499,000
COMMERCIAL - Topeka, KS
Property Size7,500 SF
Price / SF$66.53
Days on Market835
Property Features for 722 SW Kansas AVE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-5 Commercial
- Parking features
- On Street
- Standard status
- Active
- APN
- 10931040070090000
Taxes and HOA fees
- Tax Annual Amount
- 5178
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Flooring type
- Carpet, Wood
- Roof type
- Flat
Listing Agency
Platinum Realty LLC
(888) 220-0988
9393 West 110th St Suite 170, Overland Park, KS
Listed by
Jim Davis
(785) 806-2370
Added: Apr 3, 2024 Checked: Jul 16 at 6:06 pm
MLS# 233379
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 commercial building offers approximately 7,500 square feet and presents as a solid structure in very clean condition for its age. The space includes a strong storefront and double entry entrance, with room on the main level that could support a lobby area. Upstairs, there is additional space that could serve as office and/or apartment use, along with men’s and women’s restrooms on both levels. An upstairs banquet/private party room is also included, alongside a large storage room and a utility room. High-efficiency HVAC is provided on both levels.
The property is located in the heart of downtown Topeka and is described as being about a half block from Evergy Plaza. It is zoned C-5 Commercial.
The building is currently associated with the Classic Bean Downtown, and it has multiple interior areas that may support a variety of commercial configurations, depending on the intended use.
The property is located in the heart of downtown Topeka and is described as being about a half block from Evergy Plaza. It is zoned C-5 Commercial.
The building is currently associated with the Classic Bean Downtown, and it has multiple interior areas that may support a variety of commercial configurations, depending on the intended use.
Key Highlights
- Over 7,500 sq ft commercial building in downtown Topeka
- Double entry storefront with the Classic Bean Downtown as current occupant
- Men’s and women’s restrooms on both levels
Local Financial Insights For Retail
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 | $67.5k | $9.00 |
| − Vacancy | −$5.4k | −$0.72 |
| EGI | $62.1k | $8.28 |
| − OpEx | −$18.6k | −$2.48 |
| NOI | $43.5k | $5.80 |
7,500 SF · lease $9.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$770.5K
$674.2K – $898.9K
NOI $53,933 @ 7.0% cap · market cap 10.81%
Second Best
Retail
$621.0K
$543.4K – $724.5K
NOI $43,470 @ 7.0% cap · market cap 8.71%
Theoretical Best
Self Storage
$846.0K
$740.3K – $987.0K
NOI $59,220 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Classic Bean
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Forward Nutrition — 929 S Kansas Ave, Topeka, KS 66612
- Adams Street Coffee + Bakery — 528 SE Adams St, Topeka, KS 66607
- JUICED LLC — 800 SW Jackson St Ste 618 #559, Topeka, KS 66612
- Classic Bean — 722 S Kansas Ave, Topeka, KS 66603
FAQs
What type of property is this?
Coffee shop - Clean, well-maintained building with a strong storefront and double entry, plus multi-level restrooms and HVAC.
Where is this coffee shop located?
The property is located at 722 SW Kansas AVE Topeka, KS.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Over 7,500 sq ft commercial building in downtown Topeka; Double entry storefront with the Classic Bean Downtown as current occupant; Men’s and women’s restrooms on both levels
