MCRE, LLC - Henry McClure -

 Good morning, Henry. This Thursday there are two small multifamily buys, a hotel with a big price cut, and two more November sheriff sales. 1033/1035 SW Clay, 3 units on 2 parcels , $85,000, all three units rented for $2,150 a month total, with new sewer lines already in. That's a very low price per unit. 1116 SE 6th St, a restaurant plus 2 suites , $349,900, a 4,820 sq ft building near downtown, and the seller will finance. Holiday Inn Express West Topeka, 920 SW Robinson is down to $7.9M, about $97.5K per room. That's the owner's second big cut. It has 81 rooms and about $2.5M in revenue over the past year, and it's planning a renovation the brand requires. November sheriff sales : 826 SW Webster Ave and 5630 SW 17th St joined the Nov 17 sale. Bidding starts at 10 AM at the courthouse and takes certified funds only. Forbes Field data center proposal : two buildings on 30 to 40 acres, and the developer would bring in utilities the land doesn't have yet. That coul...

Tonganoxie sits in Leavenworth County along US-24/US-40, roughly between Lawrence and the Leavenworth/Kansas City corridor. It is no longer just a quiet bedroom community. The city is in an active, deliberate growth phase powered by industrial investment in the Animal Health Corridor, steady residential demand, targeted infrastructure, and coordinated planning. The result is a layered set of opportunities across industrial, residential, commercial, and mixed-use development that few Kansas towns of this size currently offer. Steady Population Growth and a Changing Profile Recent certified figures place Tonganoxie’s population in the 6,195–6,208 range, with projections near 6,350 for 2026. That represents roughly 11–13% growth since the 2020 Census (about 5,570–5,590) and more than a doubling since 2000, when the city hovered around 2,700–2,800. Median age sits in the mid-to-late 30s and median household income runs in the $80,000 range. Many residents still commute into the broader K...

  Topeka and Shawnee County’s multifamily apartment market (focusing on larger complexes of roughly 50+ units, not duplexes or fourplexes) is characterized by modest overall stock quality, moderate vacancy in the mid-to-high single digits, limited new construction until recently, and a clear shortage of modern/higher-quality product. The market is slightly tight by local standards, with demand supported by stable employment (government, healthcare/education, and related sectors) outpacing deliveries of new units. Overall Stock and Inventory Older city housing analyses (around 2020 data) put Topeka’s market-rate multifamily inventory at roughly 10,300–10,400 units, predominantly traditional garden-style complexes. Structures with five or more units account for a substantial share of renter-occupied housing (around 42% in recent ACS-related figures). Affordable/subsidized stock adds several thousand more units (LIHTC, public housing around 700+, project-based Section 8, etc.), for...

Official Marketing Materials The primary current marketing piece is an LCDC one-pager (dated mid-2024, still referenced as the active package): Key claims from the package : Home to Unilock, Hill’s Pet Nutrition, and DSM-Firmenich Two shovel-ready lots available : 2.18 acres and 10.40 acres All utilities in place 2.5 miles north of I-70 Minutes from six interstates ~40 minutes from KCI Airport 925,000 labor basin Located in the heart of the global supply chain and Animal Health Corridor Positioned for manufacturing and light industrial companies Streamlined permitting + customized incentives available through LCDC It includes a virtual reality (VR) tour link (referenced as “CLICK HERE” on the PDF). Direct PDF link (publicly available): LCDC Tonganoxie Business Park marketing sheet An older (2020) YouTube video from Leavenworth County EDC shows early renderings and drone footage of the park when it was still largely available (originally marketed as ~135 acres total with sign...

Tonganoxie is in an active growth phase , driven by industrial anchors in the Animal Health Corridor, residential demand, targeted infrastructure, and proactive city planning. The combination creates layered opportunities across industrial, residential, commercial, and mixed-use development. 1. Industrial & Manufacturing Momentum (Strongest Near-Term Driver) The Tonganoxie Business Park (222nd Street & Business Park Drive) is the clear economic engine. Key anchors: Hill’s Pet Nutrition — Major “smart factory” wet pet food plant (opened 2023). Investment reported in the $250–450M range; created 80–100+ jobs. Appraised at ~$86M, delivering significant new assessed valuation (and utility revenue as a major water user). Includes a 10-year fixed PILOT agreement and community benefits such as the Hill’s Bark Park. DSM-Firmenich — Nutritional premix plant for the pet food industry (~$48M investment, 57k–70k sq ft, ~28 jobs at ~$71k average wage). Issued IRBs; facility completed a...

Around the mid-30s, according to most transaction- and credit-based data sources (typically median 32–35), though the widely cited National Association of Realtors (NAR) survey puts it higher at 40. Key recent figures: Redfin (using U.S. Census Bureau Current Population Survey data): Median age of first-time buyers was 35 in 2025 (down slightly from 36 in 2024; it had peaked near 38 around 2018). AEI / New York Fed Consumer Credit Panel (based on credit reports and mortgage data): Median around 33–34 recently (e.g., 33 in Q1 2026, down from 34 earlier; average/mean closer to 36). Full-year 2025 median was about 34, little changed from prior years and similar to levels seen in the 2000s. National Mortgage Database / Cotality and similar loan-based sources : Often around 32–33 . NAR 2025 Profile of Home Buyers and Sellers (survey of recent buyers, covering roughly mid-2024 to mid-2025): Median age 40 (an all-time high in their series), with first-time buyers making up a recor...