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    2605 21St St Topeka, KS 66604

    Sponsored
    For Lease
    $7 SF/Yr ($18,097 /Mo)

    Prime Topeka retail space, 6 suites available.

    Lot size:
    28,956 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail investment opportunity presents a well-maintained strip center totaling 28,956 square feet, situated at 2605 SW 21st St, Topeka, Kansas, 66604. The property, built in 1951 and zoned C-2 Commercial, features six individual suites ranging in size from 1,827 to 4,275 square feet, with two currently available for lease. The center benefits from a strong anchor tenant, Kwik Shop, ensuring consistent foot traffic and visibility. Its strategic location near Washburn University and the VA Hospital provides a substantial daytime population and excellent drive-by exposure, contributing to high traffic counts. This property offers a compelling investment prospect for businesses seeking high-traffic retail space in a well-established Topeka neighborhood. The property is located in Shawnee County and offers a prime opportunity for retail or office users seeking high visibility and access to a dense population. The existing tenant mix and the property's location near major institutions make this a stable and attractive investment. The property's size and layout offer flexibility for a variety of retail uses.

    Property Features for 2605 21St St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,956 SF
    Total Rate
    18097.5

    Building Details

    Year Built
    1951

    Unit(s) available at that property

    Space
    2605 SW 21st
    Size
    4,275 SF
    Rate per SF
    $7
    Space
    2106 SW Randolph
    Size
    1,827 SF
    Rate per SF
    $7

    HighLights

    • 28,956 SF well‑maintained strip center in Topeka, KS.
    • Six suites ranging from 1,827 to 4,275 SF, two available for lease.
    • Anchored by Kwik Shop, ensuring high foot traffic.
    • Excellent location near Washburn University and VA Hospital, providing high visibility and traffic counts.
    • C‑2 Commercial zoning, suitable for retail or office use.
    Property Profile Location Intelligence

    Current Use by Public Records

    PJ's Resell Thrift Store Value Them Both Political Party Office

    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
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.709656
    Latitude
    39.0293338

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Topeka retail space, 6 suites available.
    Where is this neighborhood center located?
    The property is located at 2605 21St St Topeka, KS.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 28,956 SF well-maintained strip center in Topeka, KS.; Six suites ranging from 1,827 to 4,275 SF, two available for lease.; Anchored by Kwik Shop, ensuring high foot traffic.
    Request Owner's contact information
    2605 21St St Topeka, KS 66604
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    Topeka, KS 66604
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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
    2605 21St St Topeka, KS 66604
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