MCRE, LLC - Henry McClure -

Topeka's market keeps tilting toward buyers, and this week's deals show it. Here's what's worth a call. Biggest ticket: Heartland Motorsports Park at 7530 SW Topeka Blvd, all 622.96 acres, is going to sealed-bid auction. No price is listed. Bids are due Nov 17 at 5 PM CT with a $100,000 deposit, and the open house is Nov 9. Online bidding for the top bidders follows Nov 19 or 20, with a 10% buyer's premium. Nearly 289 acres of it is undeveloped I-1 industrial land near US-75 and Forbes Field. Details: https://www.mccurdy.com/auction/11909/622plusmn-acres-heartland-motorsports-park-topeka-ks Income properties: - 1029 SW Western Ave, 6 units (a triplex plus three cottages), $399,000, with over $3,875 a month in rent. https://www.realestate.com.au/international/us/1029-sw-western-ave-topeka-ks-110120627162/ - 1262 SW Polk St triplex, cut to $179,000 from $199,000, with one vacant unit to lease up. https://www.kayvankampen.com/realestate/details/21498148/1262-...

Here's what's new in Topeka and Shawnee County real estate this week. 320 W 1st Ave: Two buildings totaling about 6,400 sf on 1.67 acres, with a 30-ton bridge crane and heavy power. It's zoned D-3 and sits in the Neighborhood Revitalization and Dynamic Core TIF districts. Call the broker for the price. https://www.commercialsearch.com/commercial-property/us/ks/topeka/320-w-1st-st/ 5100 S Topeka Blvd, $550,000: 3,930 sf remodeled, with a fenced yard and overhead doors, on a 40,500 sf I-1 lot with Topeka Blvd visibility. Annual taxes are about $2,750. https://global.bhhs.com/commercial-for-sale/5100-S-Topeka-Blvd-Topeka-KS-66609-436852482 Land comps from SW 57th and US-75: At the Oct 6 auction, the 55-acre tract sold for $4,450 an acre and the 26-acre tract for $1,000 an acre. https://kansas-s.hibid.com/catalog/771419/southwest-topeka-land-auction---4-tracts Zoning change headed to council: On a 7-0 vote, the Planning Commission recommended amendment CZR2604. It all...

Here's what's new in Topeka and Shawnee County real estate this week that could turn into a deal. 812/814 SW 6th Ave: This five-unit building near downtown dropped to $179,000 from $190,000. It's fully occupied, with four 1-bedroom units and one 2-bedroom unit, which works out to about $35,800 a door. https://www.redfin.com/KS/Topeka/812-SW-6th-Ave-66603/unit-814-SW-6th-Ave/home/204682511 2936 SE Indiana Ave: This duplex is listed at $139,000 with two occupied 2-bedroom, 1-bath units. https://www.coldwellbanker.com/ks/topeka/2936-se-indiana-ave/lid-P00800000HI3VmYnywGJhgprVhcAFXKW75ZsA3Tv 110 NE US Highway 24: This is 4.77 acres zoned C-4 along the North Topeka highway corridor, with price on request. It fits retail, service, automotive, or hospitality use. https://www.commercialsearch.com/commercial-property/us/ks/topeka/110-ne-us-highway-24/ 2027 SW Wanamaker Rd: This 2,398 SF former restaurant has a drive-thru and kitchen infrastructure on 0.67 acres near West ...

 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...