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2525 Iowa St
Lawrence, KS 66046
Lawrence Shopping Center · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Anchored by Planet Fitness and Office Depot
  • 100% occupied
  • 27,000 Cars/Day Passing in Front of Property on Iowa Street
  • Triple net leases through 2025 and 2026
  • Ease of Management: Only 7 Tenants – NNN Leases – 94% TAX/INS/CAM Recovery
  • Complimentary Tenant Mix - Fitness, Food, Active Entertainment, Office Supplies/Electronics, and Specialty Stores

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
90,982 SF
Building Class
C
Year Built
1974
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
5.39 AC
Zoning
CS
Parking
300 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
599’ on Iowa St

ABOUT 2525 IOWA ST , LAWRENCE, KS 66046

Lawrence Marketplace is located less than one-mile south of University of Kansas, the state’s largest university with annual enrollment of over 28,150 students. The subject property is situated within the vibrant retail corridor along Iowa Street which sees over 27,000 vehicles per day. Iowa Street is the major north-south commercial thoroughfare that functions as the primary retail corridor for the south side of Lawrence. Lawrence marketplace is the first substantial shopping center commuters see when entering the corridor from the north and has the most frontage of any multi-tenant center along Iowa Street. Retailers in the immediate vicinity include Target, Walmart, Home Depot, Menards, Kohl’s, Hobby Lobby, Five Below, Ross, T.J. Maxx, Dillon’s and an array of small-shop tenants and quick service providers. Immediate demographics in the surrounding area are dense and mature, with population counts of 13,106 within 1-mile, 75,302 within 3-miles, and 97,113 within 5-miles. Average household income is above the national average at $75,092. Lawrence is located 35 miles west of Kansas City and 25 miles east of Topeka. Lawrence is the county seat of Douglas County and sixth-largest city in Kansas. Lawrence is a college town and the home to both the University of Kansas and Haskell Indian Nations University. More recently, the area has become a hotbed for families moving from Kansas City and surrounding areas. Lawrence is one of the fastest growing cities with population growth of 10.55% since 2010. Lawrence has a diverse economy spanning education, industrial, agricultural, government, finance and scientific research. Most of these are related to the University of Kansas, which is the largest employer in Lawrence.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
023-111-11-0-10-05-001.00-0
Land Assessment
$792,193
Improvements Assessment
$1,627,458
Total Assessment
$2,419,651
  • Listing ID: 18095811

  • Date on Market: 1/6/2020

  • Last Updated:

  • Address: 2525 Iowa St, Lawrence, KS 66046

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