Topeka Deal Watch, Oct 30: Drive-Thru Opening on North Topeka Blvd, a Six-House Rental Package, and Five November Foreclosures
The Topeka market is changing. In September, Shawnee County's median sale price hit $234,000, up 17% from a year ago. But active listings rose 12% to 341, and new contracts fell 29% to 137. Supply is still tight at 1.8 months, but buyers have more room to negotiate than they've had in years. Here is what's new this week that could turn into a deal. (Team Ringgold September report: https://searchtopekahomes.com/blog/market-stats/topeka-market-stats-september-2026)
- 2110 NW Topeka Blvd: A 4,518 SF freestanding drive-thru restaurant built in 2018 on 1.5 acres, with 16,845 cars a day. It's offered for lease, transfer, assignment or ground lease. No price listed. Buildings this new on north Topeka Blvd rarely come up. (https://www.commercialsearch.com/commercial-property/us/ks/topeka/retail-space-available-for-lease/)
- 1528 SW Central Park Ave, six-house package, $550,000: Six updated houses sold together, all occupied, bringing in over $6,000 a month gross. That's about 7.6 times gross rent, with leases to bring up to market as they renew. (https://jimcooper.remax-midstates.com/realestate/details/143115541/1528-sw-central-park-avenue-r43545-r34199-r43583-topeka-ks-66604)
- 134 NW Van Buren St: A 4,878 SF contractor shop with drive-through doors, three-phase power and a fenced yard, next to the limestone shop at 132 NW Van Buren. No price listed. Together they could be bought as one downtown-edge site. (https://www.commercialsearch.com/commercial-property/us/ks/topeka/134-nw-van-buren-st/)
- Sheriff sales: On Nov 10, 5840 SW Fairlawn Rd and 2522 SE Illinois Ave. On Nov 17, 951 SW Woodbridge Pl, 826 SW Webster Ave and 5630 SW 17th St. Sales are at 10 a.m. in the courthouse sub-basement, and certified funds are required. Opening bids aren't published, so get a title search before you bid. (https://salesweb.civilview.com/Sales/SalesSearch?countyId=56)
- 2727 SW Wanamaker Rd: Dirty Dough closes Oct 31, leaving another vacancy on the Wanamaker corridor. (https://wearemainstreet.org/world/us/ks/topeka/2026/10/29/topeka-dirty-dough-store-close)
- Data centers: Citizens filed three petitions to ban hyperscale data centers in city limits and limit annexation and water service for outside projects. They need about 6,000 signatures to reach a March ballot. Anyone holding land near Forbes Field should watch this. (https://www.wibw.com/2026/10/29/data-center-petitions-update/)
If you own something on this list, or want help pricing a bid, call me.
Henry McClure, (762) 291-2765
- 2110 NW Topeka Blvd: A 4,518 SF freestanding drive-thru restaurant built in 2018 on 1.5 acres, with 16,845 cars a day. It's offered for lease, transfer, assignment or ground lease. No price listed. Buildings this new on north Topeka Blvd rarely come up. (https://www.commercialsearch.com/commercial-property/us/ks/topeka/retail-space-available-for-lease/)
- 1528 SW Central Park Ave, six-house package, $550,000: Six updated houses sold together, all occupied, bringing in over $6,000 a month gross. That's about 7.6 times gross rent, with leases to bring up to market as they renew. (https://jimcooper.remax-midstates.com/realestate/details/143115541/1528-sw-central-park-avenue-r43545-r34199-r43583-topeka-ks-66604)
- 134 NW Van Buren St: A 4,878 SF contractor shop with drive-through doors, three-phase power and a fenced yard, next to the limestone shop at 132 NW Van Buren. No price listed. Together they could be bought as one downtown-edge site. (https://www.commercialsearch.com/commercial-property/us/ks/topeka/134-nw-van-buren-st/)
- Sheriff sales: On Nov 10, 5840 SW Fairlawn Rd and 2522 SE Illinois Ave. On Nov 17, 951 SW Woodbridge Pl, 826 SW Webster Ave and 5630 SW 17th St. Sales are at 10 a.m. in the courthouse sub-basement, and certified funds are required. Opening bids aren't published, so get a title search before you bid. (https://salesweb.civilview.com/Sales/SalesSearch?countyId=56)
- 2727 SW Wanamaker Rd: Dirty Dough closes Oct 31, leaving another vacancy on the Wanamaker corridor. (https://wearemainstreet.org/world/us/ks/topeka/2026/10/29/topeka-dirty-dough-store-close)
- Data centers: Citizens filed three petitions to ban hyperscale data centers in city limits and limit annexation and water service for outside projects. They need about 6,000 signatures to reach a March ballot. Anyone holding land near Forbes Field should watch this. (https://www.wibw.com/2026/10/29/data-center-petitions-update/)
If you own something on this list, or want help pricing a bid, call me.
Henry McClure, (762) 291-2765
Henry McClure
Time kills deals
785-383-9994
www.henrymcclure.live
