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2121 Chelsea Dr Topeka, KS 66614

Sponsored
For Sale
$1,995,000

Multi-tenant office building, high cap rate, excellent location.

Property size:
20,790 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional 20,790 square foot Class B office building, located at 2121 SW Chelsea Drive, Topeka, KS 66614, presents a compelling investment opportunity with a 9.00% cap rate. Currently 50% occupied, this multi-tenant property offers significant upside potential. The building features a versatile layout suitable for various office uses, including creative, medical, and traditional office spaces. Amenities include multiple entrances, spacious open bullpen areas, private offices, ample storage, dedicated meeting/training rooms, and extensive parking. A unique feature is a former recording studio boasting high ceilings and a convenient drive-in door, ideal for deliveries or specialized uses. The property's strategic location in West Topeka, near the intersection of 21st and Fairlawn, provides easy access to I-470, ensuring excellent visibility and convenient commutes. The asking price is $1,995,000, and the lease type is NNN. The existing owner may consider remaining as a tenant, or the property is well-suited for an owner-occupant. This is a rare opportunity to acquire a well-maintained, versatile office building in a desirable Topeka location.

Property Features for 2121 Chelsea Dr

General Information

Property type
Medical offices
Square Feet
20,790 SF
Class
B

HighLights

  • 20,790 SF Class B office building in Topeka, KS, offering a 9.00% cap rate.
  • Currently 50% occupied, presenting significant value‑add potential.
  • Versatile layout suitable for various office uses, including creative, medical, and traditional office spaces.
  • Features include multiple entrances, ample parking, meeting rooms, and a former recording studio with high ceilings and a drive‑in door.
  • Strategically located in West Topeka near I‑470, with excellent visibility and accessibility.
  • Asking price: $1,995,000; NNN lease; owner may consider remaining as a tenant; owner‑occupancy also feasible.
Property Profile Location Intelligence

Current Use by Public Records

Substance Abuse Screening ... Walk-In Clinic HealthSource Integrated Solutions Medical Office ComplianceOne Drug Testing Service Substance Abuse Screening Drug Testing Service Kansas Health Solutions Information Services

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Topeka
County
Shawnee
State
Kansas
Longitude
-95.7483317
Latitude
39.0273868

FAQs

What type of property is this?
Medical office - Multi-tenant office building, high cap rate, excellent location.
Where is this medical office located?
The property is located at 2121 Chelsea Dr Topeka, KS.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 20,790 SF Class B office building in Topeka, KS, offering a 9.00% cap rate.; Currently 50% occupied, presenting significant value-add potential.; Versatile layout suitable for various office uses, including creative, medical, and traditional office spaces.
More about this property
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