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$ 550,000
Est. payment | /mo
$ 550,000
Est. payment | /mo
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
Virtual Tour https://www.zillow.com/view-imx/0591850d-e3b8-404d-a9f2-42d3b00c2d68?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Listed by MCGREW REAL ESTATE
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