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2500 W 31st Street

Lawrence, KS 66047
  • $550,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: 2516199
UPDATED: 30 min ago
$550,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1991
County:

School Ratings & Info

Description

Unit "H" is a large, two story office or commercial retail space located within Long Island Business Center. Totally 5,976 square feet (3,576 lower level, 2,400 upper level) this adaptable space is customizable and will appeal to a wide array of business owners or investors. Whether you envision it as a flagship retail store, a dynamic office headquarters, or a lively coworking hub, Unit H provides the versatility to bring your ideas to life. Being part of an optimally located 8-unit building that has been a cornerstone of the local business community since 1991 speaks volumes about the stability and desirability of the location. Association dues cover water, trash, exterior maintenance, building insurance, lawn care, and snow removal. Additionally, the lower level is currently leased, with the possibility of owner occupancy. Currently leased for $3,500/month (cap rate 3.7%) with a potential to gain $2,250 (Total $5,750) renting the upper level(potential cap rate 8.6%)

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Heartland MLS Terms of Use

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2024, Heartland Multiple Listing Service, Inc. Heartland MLS and Keller Williams KC - Northland do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. Data last updated: 2024-12-04T16:45:33.057.

Based on information submitted to the MLS GRID as of 2024-12-04T16:45:33.057 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.ericcraigrealestateteam.com/homes/156986243
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2500 W 31st Street Lawrence, KS 66047

  • Price: $550,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 30 min ago
  • ID#: 2516199
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1991
Built
Neighborhood:
450 - Douglas County, Ks
County:
Douglas
Area:
450 - Douglas County, Ks
Property Description
Unit "H" is a large, two story office or commercial retail space located within Long Island Business Center. Totally 5,976 square feet (3,576 lower level, 2,400 upper level) this adaptable space is customizable and will appeal to a wide array of business owners or investors. Whether you envision it as a flagship retail store, a dynamic office headquarters, or a lively coworking hub, Unit H provides the versatility to bring your ideas to life. Being part of an optimally located 8-unit building that has been a cornerstone of the local business community since 1991 speaks volumes about the stability and desirability of the location. Association dues cover water, trash, exterior maintenance, building insurance, lawn care, and snow removal. Additionally, the lower level is currently leased, with the possibility of owner occupancy. Currently leased for $3,500/month (cap rate 3.7%) with a potential to gain $2,250 (Total $5,750) renting the upper level(potential cap rate 8.6%)
Exterior Features

Number Of Docks 0 Number Of Drive In Doors 0 Parking Features Common Parking Total 13 Road Frontage Type City Street

Property Features

Age Description 21-30 Years Business Type See Remarks Current Use Other Leased YN Yes Listing Agreement Exclusive Right To Sell Listing Terms CashConventional Location Features End UnitStrip Center Maintenance Description Building ExteriorLawnRoof RepairRoof ReplaceSnow Removal Maintenance Provided YN Yes Occupancy Description Tenant Occupied Possession Subject To Tenants Rights Property Sub Type Office Sale Includes Building Only Tax Total Amount 16824 Transaction Type Sale Utilities Electric to SiteGas to SiteTelephone On-SiteSanitary SewerWater/Sewer Zoning CS

Listing information © 2024 Heartland MLS as distributed by MLSGRID.
Listing courtesy of McGrew Real Estate Inc.



Heartland MLS Terms of Use

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2024, Heartland Multiple Listing Service, Inc. Heartland MLS and Keller Williams KC - Northland do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. Data last updated: 2024-12-04T16:45:33.057.

Based on information submitted to the MLS GRID as of 2024-12-04T16:45:33.057 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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