3050 Iowa St Lawrence, KS 66046-4160
Property profile & analytics
3050 Iowa St Lawrence, KS 66046-4160
- Turn key restaurants
- 5,382 SF
- 1.18 lot acres
Property ID
US33-0830166
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 3050 Iowa St
- Year built
- 2003
- Construction
- FRAME
- Lot size
- 1.18 lot acres
- Property size
- 5,382 SF
- Property type
- Turn key restaurants
- APN
- 111-12-0-30-13-004.02-0
- APU
- 1111203013004020
Description
This exceptional 5,123-square-foot freestanding restaurant building presents a unique sublease opportunity in Lawrence, Kansas. Situated on a substantial 72,187-square-foot lot at the prominent intersection near 31st & Iowa Streets, this Class A property enjoys a prime location within Lawrence's thriving retail corridor. Built in 2020, the building boasts a complete renovation, including a new HVAC system and a modern kitchen hood. The property includes an existing patio, perfect for outdoor dining. The lease term extends through March 31, 2036, offering long-term stability. This highly visible location benefits from proximity to major retailers such as Home Depot, Best Buy, IHOP, Petco, World Market, and Aldi, ensuring high foot traffic and excellent brand visibility. The lease rate is $24.70 per square foot, triple net (NNN), with estimated NNN expenses of $8.40 per square foot. The single-story building is zoned PCD and is part of Douglas County. This is an unparalleled chance to establish or expand a restaurant business in a vibrant and well-established commercial area. The substantial lot size offers ample parking and potential for future expansion. Don't miss this opportunity to secure a prime location in a high-demand market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $490,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $622,000
Market price range: $548k - $1.07M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lawrence
- County
- Douglas
- State
- Kansas
- Longitude
- -95.2599
- Latitude
- 38.9293
- CBSA code
- 29940
- CBSA name
- LAWRENCE, KS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$40,985
$208,788
$99,788
$308,576
-
$835,150
$399,150
$1,234,300
