Description

We are pleased to offer 127–135 Van Buren Street in Topeka, Kansas, a 66-unit self-storage investment with additional commercial space. Priced at $450,000, the property includes approximately 25,800 square feet of building area on 0.69 acres. The asking price equates to $17.44 per square foot, providing buyers with a clear basis for evaluating the existing improvements and their operating plans.

The storage inventory includes 15 dock-height 10-by-20-foot units, 22 fenced street-level 10-by-20-foot units, and eight fenced street-level 5-by-10-foot units. Interior units comprise six 10-by-20-foot spaces and eight 10-by-15-foot spaces with limited access. Seven street-level 5-by-5-foot units complete the mix. This combination accommodates a range of storage sizes and access preferences within one property.

Concrete-block construction, 15 dock-high loading doors, and three grade-level doors support the property’s storage and commercial functions. Two grade-level doors measure 10 by 12 feet, and the third measures 10 by 10 feet. The improvements include office, storage warehouse, and mini-warehouse components. Originally built in 1935, the property received additions in 1965 and 1988 and an interior remodel in 2002. Zoning is D3.

Storage-unit occupancy is 67%, while commercial-space occupancy is 35%. These are separate operating measures and should be evaluated independently. We invite buyers to review the existing tenancy, unit configuration, and commercial areas when considering a lease-up strategy. Future occupancy, rental income, and returns will depend on management, market conditions, and the buyer’s operating plan.