204 SW 5th St, Topeka, KS 66603
Local realty services provided by:Better Homes and Gardens Real Estate Wostal Realty
204 SW 5th St,Topeka, KS 66603
$215,000
- 0.68 Acres
- Lots / Land
- Active
Listed by: scott boling
Office: griffith & blair commercial
MLS#:242959
Source:KS_TAAR
Price summary
- Price:$215,000
About this home
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 mixed-use development “The Hutch,” planned just a few blocks south near 6th & Van Buren, which is expected to include approximately 192 residential units, ground-floor 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
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Home facts
- Listing ID #:242959
- Added:3 day(s) ago
- Updated:February 13, 2026 at 12:13 AM
Structure and exterior
- Lot area:0.68 Acres
Schools
- High school:Topeka High School/USD 501
- Middle school:Robinson Middle School/USD 501
- Elementary school:Meadows Elementary School/USD 501
Finances and disclosures
- Price:$215,000
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