9 S Broadway - Freestanding FOR SALE


Herington, KS 67449
$125,000 USD
305-206-1286
9 S Broadway, Herington, KS for Sale
$125,000 USD
Freestanding - FOR SALE
1/28
null | Request Cap Rate

9 S Broadway
Herington, KS 67449


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | Hard Corner | CBD | AUCTION OCTOBER 27-29
  • 12,165 SF Value-Add Retail Building and Downtown Parking Available at Substantial Discount Below Replacement Cost
  • Surrounding Traffic Generators: Dollar General, Casey’s, Subway, USPS, Central National Bank, Tri-County Fair, Library, Heartland Foods, more
  • Hard Corner on S Broadway Street and W Day Street | Near US Hwy 77 (±2,704 VPD) and US-56 (±1,708 VPD)
  • Zoned B-5, Central Business District with a Variety of Commercial Uses
  • Attractive Demographics with $77,054 Average Household Income (10-mile)

OVERVIEW

Marcus & Millichap is pleased to present a vacant retail building located at 9 S. Broadway Street in Herington, Kansas 67449 (the “Property”). Formerly occupied by Family Dollar–Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE! Built in 1977, the Property consists of a ±12,165-square-foot single-story retail building situated on ±24,021 square feet (±0.55 acres). In addition to the current structure, the site is improved with a sidewalk and curb along the east side (front) of the building and a paved parking lot to the west. The Property offers exceptional visibility at a hard-corner location with three road frontages: ±118’ along W Day Street, ±68 feet along W Walnut Street, and ±125’ along S Broadway Street. 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 B-5 (Central Business District), the Property supports a broad variety of commercial uses, enhancing its appeal to both owner-users and investors seeking a strategically positioned retail location. The Property is located in Herington, Kansas, within Dickinson County, and benefits from strong visibility along South Broadway Street near U.S. Hwy 77 (±2,704 VPD), a major north–south arterial connecting the city to Junction City and Fort Riley with ±15k active military (±30 miles north), Wichita (±80 miles south), and Topeka (±80 miles northeast). This corridor supports both local traffic and regional pass-through demand, making it an important commercial spine for retail and services in central Kansas. The immediate surroundings include a thrift shop/food bank adjacent to the Property, while the broader area is anchored by national and local retailers such as H&R Block, CENEX, Central National Bank, and The Gathering Grounds Coffeehouse, along with schools, churches, and civic institutions that generate consistent daily traffic. The Property is positioned within Herington’s primary commercial business district, offering convenient access to community amenities and regional connectivity via U.S. Hwy 77, U.S. Hwy 56 (±1,708 VPD), and nearby rail lines. Dickinson County is home to approximately 18,500 residents, while Herington itself draws from a local trade area of 3,900+ residents with an average household income of ±$77,054 within a 10-mile radius. This trade area sustains reliable demand for retail, restaurant, and essential service users. Herington’s small-town character, combined with its strategic highway access and positioning between Wichita and Topeka, makes the Property an attractive opportunity for both owner-users and investors seeking a high-visibility, cost-effective location in central Kansas.

FOR SALE DETAILS

PRICE

$125,000 USD

PRICE/SF

$10 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - Fmr Family Dollar Tree | Kansas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

-

APN/PARCEL ID

261-12-0-30-38-005.00-0

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.