Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 1218 28th Street in Belleville, Kansas 66935 (the “Property”). Formerly occupied by Family Dollar–Dollar Tree, the Property is being offered significantly below replacement cost, creating an exceptional opportunity for owner-users or investors to acquire a highly visible retail asset with direct highway frontage at a compelling basis. FIRST BID MEETS RESERVE!
Built in 2021, the Property consists of a ±10,672-square-foot single-story retail building situated on a ±2.08-acre parcel (±90,863 SF) with 51 surface parking spaces. Constructed with a metal-on-steel frame on concrete slab-on grade foundation, the building features modern design standards and a built-out standard retail layout. The site provides one point of ingress/egress and ±343 feet of frontage along 28th St/U.S. Hwy 36, which sees approximately ±3,037 vehicles per day (VPD). Previously operated as a dual-store format, the Property was leased to Family Dollar–Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating rents in the range of $6-$7/SF NNN. Zoned C-3 (Highway Business District), the Property supports a wide variety of commercial uses, enhancing its appeal for both owner-users and investors seeking a flexible asset at an attractive cost basis.
The Property is located in Belleville, Kansas, the county seat of Republic County, and benefits from prominent visibility along U.S. Hwy 36, a key east–west arterial that connects Belleville to Concordia (±19-mi east), Mankato (±20-mi west), and regional destinations across north-central Kansas. U.S. Hwy 36 also links directly to major north–south routes, including U.S. Hwy 81 just ±2-mi east of the Property, providing efficient access to Salina (±70-mi south) and the Nebraska border (±12-mi north). The site is also positioned within driving distance of major regional markets, including ±1.5-hr to Fort Riley and Junction City, KS, ±2-hr to Lincoln, NE, and ±2.5-hr to Topeka, KS. This strategic highway positioning supports both local traffic and regional pass-through demand, reinforcing the site’s visibility and accessibility. The surrounding corridor features a mix of national and local retailers, service providers, and community anchors including Dollar General, Casey’s, Dairy Queen, and Republic County Hospital, all of which generate consistent daily traffic to the area. The Property is less than ±2-mi from Downtown Belleville, providing convenient access to residential neighborhoods, schools, and civic institutions that sustain steady consumer activity. Belleville functions as a local commercial and service hub for Republic County and the broader agricultural region, drawing residents from surrounding towns for retail, dining, healthcare, and essential services. With a population of approximately ±3,375 residents within a 10-mi area and more than ±4,600 residents countywide—supported by an average household income (AHHI) of ±$69,328—the Belleville trade area is further reinforced by its role in agriculture, manufacturing, and regional transportation.