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    21st And Andover Rd Andover, KS 67002

    For Sale
    $2,613,600

    Four-acre commercial lot, high-traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional four-acre commercial land parcel presents a unique investment opportunity in Andover, Kansas. Strategically located at the Northwest corner of 21st and Andover Road, this property boasts significant frontage on both major thoroughfares, offering unparalleled visibility and accessibility. The lot size totals 174,240 square feet, providing ample space for a variety of commercial developments. The property is zoned B3 - Retail & Service District, allowing for a wide range of uses. 2022 property taxes totaled $6,564.76, with special assessments totaling $6,510.54 that are scheduled to be paid off by 2031. Andover is consistently ranked among the best suburbs to buy a house in the Wichita area, and is conveniently located just a few miles from Wichita, a metro area with a population of 527,000. The area also benefits from being ranked among the top seven places in Kansas with the best public schools. This prime location, combined with its substantial size and favorable zoning, makes this property an ideal investment for developers seeking a high-impact commercial project in a thriving community. The property offers 650 feet of frontage on 21st Street and 275 feet of frontage on Andover Road. This is a rare opportunity to acquire a significant commercial land parcel in a rapidly growing area.

    Property Features for 21st And Andover Rd

    General Information

    Property type
    Land
    Lot Size
    174,240 SF

    HighLights

    • $2,613,600 asking price for 4 acres of commercial land.
    • B3 - Retail & Service District zoning.
    • Located at the Northwest corner of 21st and Andover Rd, Andover, KS 67002.
    • 650' of frontage on 21st St and 275' of frontage on Andover Rd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Andover
    County
    Butler
    State
    Kansas
    Longitude
    -97.13585
    Latitude
    37.723723

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    FAQs

    What type of property is this?
    Land - Four-acre commercial lot, high-traffic area.
    Where is this land located?
    The property is located at 21st And Andover Rd Andover, KS.
    What is the asking price?
    The asking price for this property is $2,613,600.
    What are key features of this property?
    This property features: $2,613,600 asking price for 4 acres of commercial land.; B3 - Retail & Service District zoning.; Located at the Northwest corner of 21st and Andover Rd, Andover, KS 67002.
    (316) 371-8087
    Request Owner's contact information
    21st And Andover Rd 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
    21st And Andover Rd Andover, KS 67002
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