Listed by Colliers - Lawrence, Kansas
$989,000
450 N. Iowa Street
Details
Property Type Retail, Office
Sub Type Flex, Traditional Office
Square Footage 11,000
Cap Rate 7.59%
NOI $75,048
Tenancy Multi
Lease Type Modified
Price per SqFt $90
Year Built 2000
Year Renovated 2014, 2019, 2023
Acreage 1.160
Zoning PD
Unique opportunity to own flex property with easy access to I-70.
Marketing description
This property offers a wonderful opportunity to own space that can accommodate a variety of office, storage, or retail uses.
Investment highlights
- Year built: 2000 with updates in 2014, 2019, and 2023
- Total SF: 11,000 SF
- Building 1: Office containing approximately 5,400 SF
- Building 2: Warehouse containing approximately 5,600 SF, plus large mezzanine, new roof in December 2025
- Available for Lease: Bldg 1 - Suite A: 1,350 SF; $1,850/month, plus pro rata CAM and utilities
- Available for Lease: Bldg 1 - Suite B: 4,050 SF, $4,250/month, plus pro rata CAM and utilities
- Building 2: 5,600 SF plus large mezzanine; Suite A leased 9/15/2017-12/31/2026 ; Suite B leased 4/01/2025-3/31/2027
- Total Site Area: 1.16 acres
- Parking: 40 shared stalls
- Occupancy: Building 1: vacant; Building 2: 100% occupied
- Construction: Metal on steel frame
- Zoning: PD
- Highway Access: 1/4 mile to I-70
- Travel Time: 20 minutes to Topeka; 30 minutes to Kansas City
- Sale price: $989,000
Listing Contacts
Listed by Colliers - Lawrence, Kansas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,048.00
$6,254.00/mo
Valuation Metrics
0
DSCR
7.59%
Cap Rate
7.59%
ROI
Map
Zoning
PD PlannedPlanned Development
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View all 1 uses
View all 1 uses Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
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