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    24th Iowa St Lawrence, KS 66046

    For Sale
    $2,500,000

    High-traffic retail center, excellent visibility.

    Property size:
    50,116 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 50,116 square foot shopping center in Lawrence, Kansas, presents a compelling investment opportunity. Located at the intersection of 24th & Iowa Street (2329-2339 Iowa Street, zip code 66046), this property boasts a prominent location with high visibility and accessibility. The center features a substantial 23,200 square feet of net rentable space, including a 23,200 square foot end cap anchor space and 2,550 square feet of in-line space. The 4.9-acre lot enjoys a daily traffic count of 24,900 vehicles on Iowa Street, further enhanced by prominent pylon signage. This shopping center benefits from its strategic location near the University of Kansas, a major draw with approximately 29,000 students and 19,000 employees. The property's tenant mix includes regional and national brands such as Texas Roadhouse, Salon Centric, Party America, and Game Nut Entertainment. It also enjoys proximity to a robust retail environment including Natural Grocers, Walmart Supercenter, Home Depot, Target, Menards, Best Buy, Kohl's, Ross Dress for Less, and JCPenney. Ample parking is available, and pole signage opportunities exist on Iowa Street. The asking price is $2,500,000. Aggressive rental rates reflect the property's position in Lawrence's busiest retail corridor. This is a rare chance to acquire a thriving retail center in a high-demand location.

    Property Features for 24th Iowa St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    50,116 SF
    Lot Size
    213,444 SF

    HighLights

    • 23,200 SF end‑cap anchor space available.
    • 2,550 SF of in‑line space available.
    • Join strong tenant lineup including Texas Roadhouse, Salon Centric, Party America, and Game Nut Entertainment.
    • Excellent location with neighboring tenants including Natural Grocers, Walmart, Home Depot, Target, and other major retailers.
    • High traffic count of 24,900 vehicles daily on Iowa Street, with pylon signage and great access.
    • Prime location near the University of Kansas, with 29,000 students and 19,000 employees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.2623852
    Latitude
    38.9411081

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail center, excellent visibility.
    Where is this lifestyle center located?
    The property is located at 24th Iowa St Lawrence, KS.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 23,200 SF end-cap anchor space available.; 2,550 SF of in-line space available.; Join strong tenant lineup including Texas Roadhouse, Salon Centric, Party America, and Game Nut Entertainment.
    Request Owner's contact information
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    Lawrence, KS 66046
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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
    24th Iowa St Lawrence, KS 66046
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