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    1401 1941 Diagonal Rd Lawrence, KS 66044

    For Sale
    $250,000

    Prime Industrial Warehouse, I-70 proximity.

    Property size:
    6,384 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This vacant, 6,384 square foot warehouse presents a unique investment opportunity in Lawrence, Kansas. Located at 1401 N 1941 Diagonal Rd, this two-story building sits on an 18,200 square foot lot and boasts convenient access to I-70, with a short commute to Topeka (23 minutes) and Kansas City (35 minutes). Built in 1904, the property is zoned I-3, offering flexibility for a variety of commercial uses. Potential applications include, but are not limited to, grain storage, repair shops, boat storage, fuel sales, equipment sales and rentals, landscaping businesses, meat lockers, and contractor shops. The property's location is ideal for serving the surrounding agricultural and lake communities. The asking price is $250,000, translating to $39.16 per square foot. This represents a chance to revitalize a historically significant property, formerly the Midland Farm Store, into a thriving commercial enterprise. Parcel number is 023-073-07-0-00-00-005.01-0. The property is currently vacant and ready for immediate occupancy.

    Property Features for 1401 1941 Diagonal Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    6,384 SF

    Building Details

    Year Built
    1904
    Buildings
    1
    Stories
    2

    HighLights

    • 6,384 SF warehouse building.
    • 18,200 SF lot.
    • 1904 construction.
    • I‑3 zoning.
    • Parcel number: 023‑073‑07‑0‑00‑00‑005.01‑0.
    • $250,000 sale price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Midland Farm Store Farm Shop

    Suggested Use

    Wholesale Shop Pet Supply Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.2418679
    Latitude
    39.0292966

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    FAQs

    What type of property is this?
    Distribution property - Prime Industrial Warehouse, I-70 proximity.
    Where is this distribution property located?
    The property is located at 1401 1941 Diagonal Rd Lawrence, KS.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 6,384 SF warehouse building.; 18,200 SF lot.; 1904 construction.
    Request Owner's contact information
    1401 1941 Diagonal Rd Lawrence, KS 66044
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    Lawrence, KS 66044
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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
    1401 1941 Diagonal Rd Lawrence, KS 66044
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