1401 W 23Rd St, Lawrence, KS 66046
- Investment properties
- 132,486 SF
- 8.78 lot acres
Current Use by Public Records
- Proxi Lawrence / Apartment Complex
- Proxi Lawrence Apartments / Apartment Complex / Student Housing Center
- Insomnia Cookies / (Bike/Boat/Book/etc) Store / Bakery
Property Details for 1401 W 23Rd St
- Year built
- 2019
- Lot size
- 8.78 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 111-12-0-20-01-001.00-0
- APU
- 1111202001001000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 22, 2025 | — | Loch Stone Properties LLC | Roland Berthold | Warranty Deed | $250k · Kiavi Funding INC |
| Jul 1, 2025 | — | 2460 LLC | The P5 Group LLC | Warranty Deed | — |
| Apr 17, 2025 | — | Ba Proxi Owner LLC | — | Deed · related | $16.6M · Jpmorgan Chase Bank NA |
| Mar 4, 2025 | — | Ba Proxi Owner LLC | Odc Collingsworth Lawrence LLC | Special Warranty Deed | $16.6M · Jpmorgan Chase Bank NA |
| Jan 2, 2025 | — | Gary W Beasley | Gary W Beasley | Warranty Deed · related | — |
| May 4, 2022 | — | Scott J Pedersen | Pedersen Investment Group III Llci | Quit Claim Deed | — |
| Apr 4, 2022 | — | Sre Holdings LLC | A2z Enterprises LLC | Warranty Deed | $450k · Corefirst Bank & Trust |
| Jul 1, 2020 | — | The P5 Group LLC | Richard Patton | Warranty Deed | — |
| Jul 3, 2017 | — | Richard L Todd | — | Deed · related | $51k · Mid America Bank |
| Dec 16, 2014 | — | Alan G Hack III | Alan G Hack III | Intrafamily Transfer · related | — |
| Dec 30, 2013 | — | R & J LLC | Richard Tang | Warranty Deed | $990k · Vision Bank |
| Jul 27, 2012 | — | Charles T Middien | Hemamali Jayampathi Warshakoon | Warranty Deed | — |
| Aug 27, 2010 | — | Richard Tang | Richard Tang | Intrafamily Transfer · related | — |
| Jul 16, 2010 | — | Richard Tang | Steven H Nguyen | Warranty Deed | — |
| Jul 8, 2009 | — | Flannery Dickson LLC | Joseph A Flannery | Quit Claim Deed · related | $138k · Douglas County Bank |
Description
This exceptional mixed-use property, located at 1401 W 23rd St in Lawrence, Kansas, offers a versatile first-floor retail space ranging from 1,000 to 7,235 square feet. Situated in Douglas County, this single-tenant opportunity presents a unique chance to establish or expand your business in a vibrant Kansas community. The property's address is conveniently located at 1401 W 23rd St, Lawrence, KS 66046, providing excellent visibility and accessibility for customers. The flexible space is ideal for a variety of retail concepts, allowing for customization to suit specific business needs. The property type is classified as retail with a mixed-use designation, suggesting potential for diverse applications beyond traditional retail. This presents a compelling investment opportunity for businesses seeking a prominent location in a thriving market. The property's single-tenant occupancy simplifies management and provides a clear, focused environment for your operations. Its location in Lawrence, Kansas offers access to a strong local economy and a diverse customer base. The precise square footage can be tailored to meet the specific requirements of the tenant, offering flexibility and scalability. This is a rare opportunity to secure a well-positioned retail space in a desirable area of Lawrence. Interested parties are encouraged to inquire for further details and leasing options.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $22,855,000
- 6.5%
- $21,095,000
- 7%
- $19,590,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $18,164,000
Market price range: $5.62M - $21.2M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $14,570,000 Current use
- RESTAURANT
- $20,950,000 Change: +44% Conversion: Difficult
- MEDICAL BUILDING
- $14,060,000 Change: -4% Conversion: Easy
- OFFICE BUILDING
- $13,025,000 Change: -11% Conversion: Easy
- RETAIL STORES
- $12,735,000 Change: -13% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lawrence
- County
- Douglas
- State
- Kansas
- Longitude
- -95.2518
- Latitude
- 38.9418
- CBSA code
- 29940
- CBSA name
- LAWRENCE, KS METROPOLITAN STATISTICAL AREA
