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Property profile & analytics
FOR LEASE
Retail space

709 S Kansas Ave Topeka, KS 66603

7,022 SF Built 1908
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US33-1096176
Property summary
AI-generated overview

This exceptional commercial property, located at 709 S. Kansas Avenue in Topeka, Kansas, presents a unique opportunity for businesses seeking a prominent downtown location. Built in 1908, this historic building boasts classic, turn-of-the-century interior details, offering a blend of character and modern functionality. The property is zoned C-5 Commercial, allowing for a variety of uses. The building features an elevator, a significant advantage for multi-level operations. Multiple tenancies are available, with a minimum divisible space of 3,750 square feet and a maximum contiguous space of 7,022 square feet, providing flexibility for businesses of varying sizes. The property overlooks Kansas Avenue, offering excellent visibility and accessibility. Annual property taxes are $2 per square foot. This prime location in Shawnee County, Kansas (zip code 66603), offers unparalleled exposure and is ideal for businesses seeking a vibrant and established commercial environment. The building's rich history and modern amenities combine to create an exceptional opportunity for discerning tenants. Contact us today to learn more about leasing options and explore the potential of this remarkable property.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1908
Total area 7,022 SF
Zoning code C5
APN 109-31-0-40-06-017.00
UPID US33-1096176
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Clinical Growth Strategies Employment Agency
  • Kanza Construction Construction Company General Contractor
  • Kansas Center for Economic Growth Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Palace Plaza INC · 10 yrs held
Palace Plaza INC
since 2015
5 recorded transactions
2021
Price N/A
2019
Price N/A
2015
Price N/A
2015
Price N/A
2015
Price N/A
Zoning & alternative use
C5 · Topeka, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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