Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    742 Massachusetts Street Lawrence, KS 66044

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $395,000

    Charming retail space in the heart of Downtown Lawrence.

    Type:Retail
    Property size:
    2,407 SF
    Lot size:
    0.07 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    30
    Last Refresh:
    Mar 16 at 2:08 pm

    Property Features for 742 Massachusetts Street

    General Information

    Standard status
    Active
    Size
    2,407 SF
    Lot size
    0.07 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Allison Moore
    Allison Moore

    Listing agent Allison Moore License #KS BR00051570

    Listing office Colliers - Lawrence, Kansas

    Listing date Mar 3, 2026

    Source Crexi

    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 Colliers - Lawrence, Kansas

    Overview

    Downtown Lawrence Retail Space

    Located in the heart of Downtown Lawrence on the east side of the 700 block of Massachusetts Street, this property is near abundant parking, restaurants, and retailers. The space features large storefront windows, tall ceilings, an ADA restroom, and excellent lighting with high-end finishes. The property, built in 1900, is zoned CD-UC and has a lot size of 2,925 square feet. The total available space is 2,407 square feet, including 1,300 square feet of retail space. This unique and charming space is ideal for a small boutique or retailer.
    Location Intelligence

    Current Use by Public Records

    Bling Glamour Lawrence Clothing & Fashion Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Owens Flower Shop Inc. — 846 indiana st, lawrence, ks 66044

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.2355438
    Latitude
    38.9696813

    Nearby Similar for Sale

    • $490,000

      Lawrence Retail/Office Space For Sale

      Retail/Office space with two entrances and ample parking.
      2852 Four Wheel Drive, Lawrence, KS 66047
      View Details
    • $420,000
      2,640 SF

      Lawrence, KS Fourplex Investment

      Fully occupied fourplex in a strong rental location.
      730 W 25th Street, Lawrence, KS 66046
      View Details
    • $360,000
      2,100 SF

      Fully Leased Duplex Investment Property

      Well-maintained duplex near Lawrence Memorial Hospital with strong rental income.
      1916 W 3rd Street, Lawrence, KS 66044
      View Details
    • $389,000
      2,650 SF

      Turnkey Triplex in Lawrence, Kansas

      Well-maintained triplex with immediate rental income in a strong market.
      3226 Cardinal Drive, Lawrence, KS 66046
      View Details
    • $681,000
      2,728 SF

      Clock House Estate on 5 Acres

      Unique property with a clock tower, metal building, and shop.
      417 Highway 40 West, Lawrence, KS 66049
      View Details
    • $275,000

      Old West Lawrence Duplex Opportunity

      Rare duplex near campus, downtown, and parks in Lawrence.
      614 Alabama Street, Lawrence, KS 66044
      View Details
    • $229,900
      1,227 SF

      Lawrence, KS Duplex For Sale

      Inviting 2-bedroom, 2-bath duplex in a convenient location.
      333 Florida Street, Lawrence, KS 66044
      View Details
    • $375,000
      2,856 SF

      Value-Add Office Building Opportunity

      Office building near KU with reconfiguration potential and parking.
      3311 Clinton Parkway Court, Lawrence, KS 66047,
      View Details
    • $1,640,000
      2,952 SF

      Lawrence Retail Building For Sale

      NNN leased retail investment opportunity in downtown Lawrence, Kansas.
      8 W 8th St, Lawrence, KS 66044
      View Details
    • $2,943,704
      2,845 SF

      Lawrence, Kansas Coffee Shop Investment

      Single-tenant 151 Coffee absolute NNN asset for sale.
      1533 W 23rd St, Lawrence, KS
      View Details
    • $1,300,000
      5,773 SF

      Turnkey Restaurant Space with Charm

      Renovated restaurant space in walkable, highly-visible area.
      619 Massachusetts St, Lawrence, KS
      View Details
    • $1,690,000
      2,400 SF

      Lawrence Retail Investment Opportunity

      Freestanding retail property with strong lease and income potential.
      4651 Bauer Farm Dr, Lawrence, KS
      View Details

    FAQs

    What type of property is this?
    Storefront property - Charming retail space in the heart of Downtown Lawrence.
    Where is this storefront property located?
    The property is located at 742 Massachusetts Street Lawrence, KS.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Prime Downtown Lawrence location on Massachusetts Street near parking, restaurants, and retailers.; Unique and charming space with large storefront windows and tall ceilings.; High‑end finishes and excellent lighting ideal for a boutique or retailer.
    (785) 865-3924
    We can help!
    Listing Contact
    Allison Moore
    Allison Moore
    Real Estate License ID: KS BR00051570
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!