2500 W 31st ST, Lawrence, KS 66047
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2500 W 31st ST, Lawrence, KS 66047,Video Tour
2500 W 31st ST, Lawrence, KS 66047
2500 W 31st ST, Lawrence, KS 66047
2500 W 31st ST, Lawrence, KS 66047
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Toby Gallegos

Toby Gallegos

$ 550,000
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Active Under Contract

2500 W 31st ST Lawrence, KS 66047

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Key Details

Property Type Commercial

Sub Type Commercial Improved

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 166002

HOA Fees $5,832

Year Built 1991

Tax Year 2025

Property Sub-Type Commercial Improved

Source lbor

Property Description

Opportunity meets flexibility at Unit H in the Long Island Business Center. Offering a total of 5,976 square feet across two levels (3,576 square feet on the lower level and 2,400 square feet on the upper level), this versatile commercial space is well-suited for a variety of uses, including office, retail, professional services, or a collaborative coworking environment. Located within a well-established 8-unit business complex that has served the Lawrence community since 1991, Unit H benefits from a highly accessible location and a long history of occupancy and business activity. Association dues provide added convenience by covering water, trash service, exterior maintenance, building insurance, lawn care, and snow removal. The lower level is currently leased, providing immediate income while still offering the potential for owner occupancy or future expansion opportunities. Current rental income is $3,570 per month, with the upper level presenting an additional leasing opportunity estimated at approximately $2,250 per month, creating a potential total monthly income of $5,820.

Location

State KS

County Douglas

Zoning M-3

Rooms

Basement Slab

Interior

Heating Natural Gas, Varies by Unit

Cooling Central Air, Multi Units

Flooring Carpet

Equipment No

Exterior

Utilities Available Natural Gas Connected, Electricity Connected

Total Parking Spaces 13

Building

Water Public

Structure Type Wood Siding

Others

Ownership Investor

Acceptable Financing New Loan, Cash

Listing Terms New Loan, Cash

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Listed by MCGREW REAL ESTATE

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Toby Gallegos

Toby Gallegos

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2500 W 31st ST