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    229 Andover Rd Andover, KS 67002

    For Lease
    $14 SF/Yr ($15,166 /Mo)

    1,080 SF Retail Space Available, High Traffic Area

    Lot size:
    13,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1,080 square foot retail space is part of a thriving 13,000 square foot retail center built in 2006, located south of Central on Andover Road. The property boasts a Limited Commercial zoning designation and benefits from high visibility and traffic counts of 18,875 vehicles per day on Andover Road. The center enjoys a strong tenant mix, including established businesses such as Papa Murphy's, Precious Nails, Super Cuts, Verizon, Midwest Medical, Omaha Tobacco, and many more national brands in close proximity. This space is immediately available for lease and offers a minimum divisible space of 1,080 square feet, with a maximum contiguous space of 1,080 square feet. The property features a total of eight suites. Landlord is offering tenant improvement allowances for qualified tenants. The surrounding area includes O'Reilly's Auto Parts, Pizza Hut, KFC, Sonic, Equity Bank, McDonald's, Walgreens, Sherwin Williams, Intrust Bank, Dunkin' Donuts, and Andover School District, ensuring a consistent flow of potential customers. This prime location presents a fantastic opportunity for a variety of retail businesses seeking high visibility and strong foot traffic.

    Property Features for 229 Andover Rd

    General Information

    Property type
    Shopping malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,000 SF
    Total Rate
    15166.67

    Building Details

    Year Built
    2006

    Unit(s) available at that property

    Space
    600-A
    Size
    1,080 SF
    Rate per SF
    $14

    HighLights

    • 13,000 SF retail center with eight suites available for lease.
    • One 1,080 SF retail space immediately available.
    • Minimum divisible space is 1,080 SF; maximum contiguous space is 1,080 SF.
    • Built in 2006 with Limited Commercial zoning.
    • Strong tenant mix including Papa Murphy's, Precious Nails, Super Cuts, Verizon, and others.
    • High traffic count location on Andover Rd (18,875 VPD).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farmers Insurance - Brian ... Insurance Agency Precious Nails Nail Salon Tailored Tails Pet Groomer Supercuts Hair Salon Papa Murphy's | Take ... Pizza Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Andover
    County
    Butler
    State
    Kansas
    Longitude
    -97.13520445005
    Latitude
    37.689529401706

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    FAQs

    What type of property is this?
    Shopping mall - 1,080 SF Retail Space Available, High Traffic Area
    Where is this shopping mall located?
    The property is located at 229 Andover Rd Andover, KS.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 13,000 SF retail center with eight suites available for lease.; One 1,080 SF retail space immediately available.; Minimum divisible space is 1,080 SF; maximum contiguous space is 1,080 SF.
    Request Owner's contact information
    229 Andover Rd Andover, KS 67002
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    Andover, KS 67002
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    Realmo Value Estimation

    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.

    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.

    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
    229 Andover Rd Andover, KS 67002
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