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Listed price in listed location currency (USD).
$215,000

000

MLS® 242959

Overview

Key Facts

Type Other
Levels Land
Size -
Garage No
Taxes 
Days Active 21
Lot Size 
Approx. Age 
MLS® Number 242959

Property Address: 204 Sw 5th St, Topeka, KS, 66603

Average square foot calculated using Size range provided by listing agent.

Description

Prime Downtown Topeka redevelopment opportunity located at 204 SW 5th Street, near the Kansas State Capitol. This approximately 30, 000 SF site is currently configured as a paved surface parking lot and is zoned D1 – Planned Development District, allowing flexibility for commercial, residential, or mixed-use redevelopment. The site is located in the downtown core near state government offices, professional services, and association users, making it well positioned for office, residential, or mixed-use development serving Capitol-related tenants. Nearby area momentum continues with the recently approved $50M luxury residential development “The Hutch, ” planned just a few blocks south near 6th & Van Buren, which is expected to include approximately 192 residential units, ground-floor boutique retail, and amenity space with construction projected to begin Q3 2026. Potential incentive programs may include Neighborhood Revitalization Program (NRP), Downtown TIF participation, and potential Industrial Revenue Bond (IRB) financing, depending on project scope and City approval. The property currently generates parking income and may support interim holding strategies while redevelopment plans are finalized. Phase I and Phase II Environmental Site Assessment reports have been completed and are included in the listing documents. Property is currently publicly owned and tax-exempt. Future property taxes will be determined following transfer to private ownership
MLS® Number242959
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 9, 2026List Date
$215,000List Price
-End Date
Not Sold YetSold Price

For Sale

Feb 6, 2026List Date
$215,000List Price

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