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2500 W 31st Street, Lawrence, KS 66047
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$550,000
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Home Details for 2500 W 31st Street
Price
$550,000
Type
Commercial/Industrial
Year Build
1991
Sq. Ft.
5976
Lot Size
0.08
County
Douglas
Tax
$16,824
MLS®️ Listing#
2516199
On exitrealty.com
318 days
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%)
- Utilities
- Natural Gas Available
- Phone Available
- Water Available
- Parking
- Common
Listing Courtesy: McGrew Real Estate Inc - 785-843-2055
Based on information submitted to the MLS GRID as of 2025-04-19 16:31:27. 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.
Last Updated: 2025-04-19 16:31:27
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EXIT REALTY PROFESSIONALS
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