List Search

Shunga Creek Office
Topeka, KS 66614

$65,000 - $167,000 USD

Office Condos For Sale  •  636+ SF

Property Details

  • Property Type Office
  • Total Building Size 8,312 SF
  • Lot Size 0.84 AC
  • Building Class B
  • Year Built 1985
  • Cap Rate 8.31 %
  • Tenancy Multiple
  • Zoning O&I-2
20 Transit Score
59 Walk Score

3 Units Available

Name Condo Use Size Price Details
1st Floor - Unit 4 Medical Office 636 SF $65,000 USD
  • Unit Size: 636 SF
  • Condo Use: Medical Office
  • Price: $65,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $102.20 USD
Description
First floor suite, southeast corner of building consisting of +/-590 useable square feet including two large offices and a storage room.  Recently remodeled space would be great for a sole proprietor, or small organization.
2nd Floor - Unit 5 Medical Office 2,078 SF $167,000 USD
  • Unit Size: 2,078 SF
  • Condo Use: Medical Office
  • Price: $167,000 USD
  • Sale Type: Investment
  • Price/SF: $80.37 USD
Description
Second floor, west wing unit consisting of two suites.  Suite E with +/-681 useable square feet is unoccupied.  Suite F with +/-1,246 useable square feet is currently occupied by Heartland Clinical Consultants with a lease that expires in April, 2024.  Space could be combined into one suite with 1,927 useable square feet.
Suite E consists of three offices and a reception room.  Suite F includes three large offices - one that includes a fireplace, a large waiting room, and a small break room with a sink.  A deck is accessible from two of the offices.

Sale Notes
Prime investment opportunity for an Owner/Investor.  Occupy Suite E and lease Suite F.
2nd Floor - Unit 6 Medical Office 2,078 SF $167,000 USD
  • Unit Size: 2,078 SF
  • Condo Use: Medical Office
  • Price: $167,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $80.37 USD
Description
Second floor, east wing suite consisting of +/-1,927 useable square feet is currently unoccupied.  Space could be subdivided into two suites with separate entrances off of the common lobby.
The space includes two large offices, a work room/lunch room with a sink, a reception area and a large open office area.  A deck is accessible from one of the offices and the open office area.

Description 

Two story office building located in southwest Topeka, KS on 28th Street near Fairlawn Road with easy access to I-470 and the Wanamaker corridor.  Less than a block to walk to the new Wheatfield Village at the corner of 29th and Fairlawn.  Great opportunity for either an investor or owner-occupant.
The building houses six condominium units on two levels, common area and a men's and women's public toilet on each floor.  Units 4, 5 and 6 are available for sale.  Unit 4 may be purchased individually, or as a package with Units 5 and 6.  Units 5 and 6, comprising the entire upper level are offered as a package deal.  Unit 4 is also available for lease.  Unit 5 and Unit 6 are fully leased.  Each condo/suite is metered separately for gas and electricity.  Common area expenses are shared proportionately between the condo owners.
Multiple large windows provide ample natural light and the two units on the second floor (5 and 6) include a deck overlooking the Shunga Creek and Crestview Park.  the building features a brick veneer and wood exterior.  Ample parking is provided adjacent to the building.

Highlights

Multiple large windows provide ample natural light. I
Ample parking is provided adjacent to the building.
Backs up to Shunga Creek and Crestview Park
Walkable to Wheatfield Village
Easy access to I-470 and the Wanamaker Corridor

Property Flyers

Financial Summary

Cap Rate: 8.31 %
Total Expenses: $3,514 USD

Major Tenants

Tenant SF Occupied Lease End Date
Cornerstones of Care 2,812 SF 5/31/2028
Heartland Clinical Consultants 1,283 SF 5/1/2025
None

Public Transportation

Commuter RailDriveWalkDistance
Topeka Amtrak Station (Southwest Chief - Amtrak) 12 min - 6.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 32
Type: Surface
Included in Rent: Yes
Robert Hansen 785-207-6651 Robert Hansen
Robert Hansen 785-207-6651 Robert Hansen