Former Restaurant on Busy
For Sale
Contact for pricing
201 SW 29th St, Topeka, KS 66611
Former full-service restaurant with high visibility and ample parking.
Property Size8,442 SF
Price / SF$171.76
Days on Market1338
Property Features for 201 SW 29th St
General Information
Standard status
Active
Size
8,442 SF
Class
C
Total Parking Spaces
151
Property subtype
Retail
Zoning
C4
Investment Type
Owner/User
Building Details
Year Built
1972
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Kansas Commercial Real Estate Services Inc
Listed By:
Mark Rezac · License #KS 00045158
(785) 272-2525
Source:
Crexi
Added: Feb 6, 2023
Changed: Sep 22
Last Checked: Oct 5 at 6:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kansas Commercial Real Estate Services Inc
Investment Insights
Based on property information with market context.
This is a former full-service restaurant property situated on a busy street. The building features a grand front entrance with a wood-framed canopy. Ample customer parking spaces are available. The location offers great demographics and drive-by exposure. It is located just west of Topeka Blvd on 29th Street, with proximity to public transport service stops. The property size is 8,442 square feet.
Key Highlights
- High‑traffic location on 29th Street with excellent drive‑by exposure
- Ample customer parking spaces
- Grand front entrance with wood‑framed canopy**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,706
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,214,120
$1.2M
Cap Rate 7%
$867,229
$867.2K
Cap Rate 9%
$674,511
$674.5K
Market Conditions
NOI Build-Up for 8,442 SF
Gross rent
$86.1K $10.20/SF
− Vacancy
−$5.2K −$0.61/SF
EGI
$80.9K $9.59/SF
− OpEx
−$20.2K −$2.40/SF
NOI
$60.7K $7.19/SF
Area
Topeka, KS
Vacancy
6.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,214,120
Cap Rate 7%
$867,229
Cap Rate 9%
$674,511
Alternative Uses
Best Use
Specialty Retail
$867.2K
$758.8K – $1.01M
NOI $60,706 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$952.3K
$833.2K – $1.11M
NOI $66,658 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
170k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 19%
Groceries 9%
Home Improvements & Furnishings 7%
McDonald's
Dining
32,460 visits/mo
0.4 miles
Taco Bell
Dining
19,860 visits/mo
0.1 miles
Aldi
Groceries
16,047 visits/mo
0.1 miles
Dollar Tree
Shops & Services
14,451 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
11,463 visits/mo
0.4 miles
Demographics for 66611, KS
9,843
Population
4,814
Households
2
Avg Household Size
39
Median Age
32%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
2,983
Density / Sq Mi
$54,612
Median Household Income
$36,823
Median Earnings
$963
Median Rent
$139,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former full-service restaurant with high visibility and ample parking.
Where is this conventional restaurant located?
The property is located at 201 SW 29th St Topeka, KS.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: High‑traffic location on 29th Street with **excellent drive‑by exposure**; Ample customer parking spaces; Grand front entrance with wood‑framed canopy**
