722 SW Kansas Ave, Topeka, KS 66603
For Sale
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This exceptional 7500+ square foot commercial building, located at 722 SW Kansas Ave in the heart of downtown Topeka, Kansas, presents a remarkable opportunity for a variety of businesses. Situated just half a block from Evergy Plaza, this property boasts a prime location with high visibility and foot traffic. The building is currently home to a successful business, demonstrating its inherent viability. Its solid structure and excellent condition are immediately apparent, offering a clean and move-in ready space. The versatile layout includes a large storefront with a double entry, allowing for a welcoming lobby area on the main level. Additional office space or even an apartment is possible on the upper floor. Both levels feature convenient men's and women's restrooms. A spacious banquet or private party room upstairs offers further flexibility, potentially serving as additional office space. Ample storage is provided by a large storage room and a utility room. The building is equipped with a high-efficiency HVAC system on both levels, ensuring comfortable year-round operation. This property's adaptability, central location, and existing infrastructure make it an ideal investment for entrepreneurs seeking a thriving downtown Topeka presence. The asking price is $499,000.
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Classic Bean Restaurant
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
C5 · Topeka, KSTopeka. Always verify with local authorities before improvements.
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.