3080 Iowa St Lawrence, KS 66046
For Lease
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This exceptional 6,153-square-foot retail space, situated on a prominent corner lot at 31st Street and Iowa Street in Lawrence, Kansas, presents a unique investment opportunity. Previously a restaurant, this single-tenant building sits on 1.36 acres of land in Douglas County. Its prime location benefits from high visibility and accessibility, anchored by major retailers such as Best Buy and Home Depot, ensuring substantial foot traffic and brand recognition. The property boasts ample on-site parking, a significant advantage in a busy retail environment. This freestanding building is surrounded by a vibrant mix of national retailers, including Target, Walmart, World Market, TJ Maxx, Bed Bath & Beyond, Michaels, Ross, Kohl's, Regal Cinemas, Dick's Sporting Goods, PetSmart, Ulta, and Menard's, creating a strong synergy and attracting a diverse customer base. The property's existing infrastructure, suitable for a restaurant or similar business, minimizes initial setup costs and allows for a swift transition to operations. This is a rare opportunity to acquire a well-positioned retail space in a thriving commercial area with significant potential for growth and return on investment. The zip code is 66046.
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
No recorded transactions found for this property.
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.