Commercial Real Estate Market in Cheney, KS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 143 off-market properties in Cheney, KS.
Market Trends
Cheney, KS spans 112.8 square miles in Sedgwick County, Kansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cheney, KS runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Cheney, KS runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Cheney, KS runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Cheney, KS asks $142/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 50.2%
- Agricultural 34.7%
- Commercial 10.7%
- Industrial 4.2%
- Open space 0.3%
Largest Zones share of zoned land by district
Single Family Residential
Agricultural
Planned Commercial
Single Family Residential
Planned Industrial
Agricultural (AG)
AG-Agricultural unless previous agreement has designated a different zoning district. 6.04 Conformance to Comprehensive Plan In the consideration of any application for a zoning amendment or a special use request, the Planning Commission and the Governing Body shall determine whether the proposal conforms to the adopted Comprehensive Plan and any other recog…
Market overview
Demographics & Economy
Cheney, KS has 3,953 residents in 1,376 households. Density runs 35 people per square mile. Median household income here is $81,528 and median gross rent $945 a month.
3,953
Population
1,376
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
112.8 sq mi
ZIP Area
35
Density / Sq Mi
$81,528
Median Household Income
$45,430
Median Earnings
$945
Median Rent
$178,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Garden Plain | — | — |
| Murdock | — | — |
| Goddard | — | — |
| Norwich | — | — |
Commercial property in Cheney, KS asks $888/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cheney?
Commercial property in Cheney, KS asks an average of $888 per square foot. Multifamily carries the highest asking price at $142/SF.
Where does Realmo's Cheney market data come from?
Realmo compiles Cheney, KS figures from 18 active sale listings, 1 active lease listings, 143 tracked off-market properties, the current Cheney zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 1 active for-lease listings in Cheney, KS. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,438 zoned acres across 10 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
