115 W Iron Ave Salina, KS 67401
For Lease
This exceptional 5,250-square-foot office building, located at 115 W Iron Ave in Salina, Kansas, presents a unique opportunity for businesses seeking a prominent downtown location. Built in 1908, this two-story building boasts a classic architectural style and is situated between the Hoffman Building and the United Office Building, offering excellent visibility and accessibility. The property features a single-tenant occupancy, ideal for a company seeking a substantial and self-contained workspace. The interior layout includes a welcoming reception area, a convenient small conference room, a spacious work area perfect for collaborative efforts, and numerous individual offices spread across both floors. Parking is readily available, with street parking options supplemented by a convenient city parking lot directly behind the building. The building is zoned C-4, allowing for a variety of commercial uses. This property offers a compelling combination of historical charm, modern functionality, and a highly desirable downtown Salina address. The building does not have an elevator. This is a single-tenant property in Saline County, Kansas, with a zip code of 67401. Lease rates are highly competitive. The property is conveniently located near 7th Street.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.