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    1213 Bakers Way Manhattan, KS 66502

    For Sale
    $6,950,000

    72,231 SF Multi-Functional Building, $6.95M

    Property size:
    72,231 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 72,231-square-foot building presents a unique investment opportunity in Manhattan, Kansas. Situated on a 4.83-acre lot in the Bakers Way Business Park, this single-story, 1978-constructed property underwent renovations in 2015. Its versatile design encompasses executive office space, open "bullpen" areas, classrooms, laboratory facilities, a production plant, and warehouse space, all complemented by a loading dock. The property's zoning is R. The building enjoys a prime location directly across from the Kansas State University Research Park, including a soon-to-open 55,000-square-foot medical center and the Kansas Department of Agriculture. Its proximity to Kansas State University's campus, the National Bio and Agro-Defense Facility (NBAF), the Biosecurity Research Institute (BRI), Aggieville, and Bill Snyder Family Stadium is unparalleled. The hilltop setting offers stunning views of Manhattan while maintaining a private atmosphere thanks to surrounding trees. This property is ideal for owner-occupancy or as a single or multi-tenant investment, benefiting from its strategic location near major roadways and emerging job growth areas. An additional 3.35+ acre lot across Bakers Way is also available for purchase. The asking price is $6,950,000, with a price per square foot of $145. The APN is 081-203-07-2-20-09-002.00-0 203-07-2-20-09-002.00-0.

    Property Features for 1213 Bakers Way

    General Information

    Property type
    Life science properties
    Square Feet
    72,231 SF
    Lot Size
    210,395 SF

    Building Details

    Year Built/Renovated
    1978/2015
    Buildings
    1
    Stories
    1

    HighLights

    • $6,950,000 asking price for a 72,231 square foot office/industrial property.
    • Located at 1213 Bakers Way, Manhattan, KS 66502, on a 4.83‑acre lot.
    • Features a mix of office, lab, and manufacturing space, including a loading dock.
    • Built in 1978, renovated in 2015, with one story and one building.
    • Excellent location near Kansas State University, research park, and major roadways.
    Property Profile Location Intelligence

    Current Use by Public Records

    AIB International Food And Beverage Consultant

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    Riley
    State
    Kansas
    Longitude
    -96.575859456534
    Latitude
    39.200092630012

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    FAQs

    What type of property is this?
    Life science property - 72,231 SF Multi-Functional Building, $6.95M
    Where is this life science property located?
    The property is located at 1213 Bakers Way Manhattan, KS.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: $6,950,000 asking price for a 72,231 square foot office/industrial property.; Located at 1213 Bakers Way, Manhattan, KS 66502, on a 4.83-acre lot.; Features a mix of office, lab, and manufacturing space, including a loading dock.
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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
    1213 Bakers Way Manhattan, KS 66502
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