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    718 Kansas Ave Topeka, KS 66603

    For Lease
    $12 SF/Yr ($8,186 /Mo)

    Restaurant-ready, high-ceiling space.

    Lot size:
    8,186 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 8,186 square foot, three-story retail building located at 718 S Kansas Ave in Topeka, Kansas (zip code 66603) presents a unique opportunity. Originally constructed in 1900 and extensively renovated in 2017, the property is zoned C5 and currently offers a mix of occupied and vacant space. A significant portion, 3,478 square feet, is currently vacant, providing ample room for a new tenant or expansion. The building's previous use as a Jersey Mike's sandwich shop makes it ideally suited for a similar fast-casual restaurant concept. Key features include abundant natural light, high ceilings, and existing walk-in cooler and freezer units, all in excellent condition. The multiple tenancy structure allows for flexibility in leasing arrangements. This prime downtown Topeka location offers high visibility and easy access for customers. The property's history and recent renovations combine to create a unique and attractive space for a discerning restaurant operator. This is an exceptional opportunity to establish a thriving business in a vibrant urban setting.

    Property Features for 718 Kansas Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,186 SF
    Total Rate
    8186

    Building Details

    Year Built/Renovated
    1900/2017
    Stories
    3

    Unit(s) available at that property

    Space
    718 S Kansas
    Size
    3,478 SF
    Rate per SF
    $12
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.674267465809
    Latitude
    39.049543835332

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    FAQs

    What type of property is this?
    Restaurant - Restaurant-ready, high-ceiling space.
    Where is this restaurant located?
    The property is located at 718 Kansas Ave Topeka, KS.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    Request Owner's contact information
    718 Kansas Ave Topeka, KS 66603
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    Topeka, KS 66603
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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
    718 Kansas Ave Topeka, KS 66603
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