I happen to be in an industry that deals with home values regularly. In the midwest.....we typically see an average cost per square foot of $85 to $105. That includes all materials and labor. Some homes and buildings are more than that and some are slightly less. Obviously if you are a law firm and you want granite table tops, mahogony floors and imported Italian marble everywhere.....you are looking at quite a bit more than $85 to $105 per square foot. The $85-$105 number is for standard materials that you would build a house with if you went to Home Depot and bought everything there.
3,000 square feet at $100/square would be $300,000. Well more than half of that $300,000 would be in labor......so in my opinion, you can remove $150,000 from the $300,000 cost to build a new KH. Now we're at $150,000. I have trouble beliving that any quickbuild is being constructed using retail material prices......so let's knock another 15% off. We are now at $127,500. But then you have to take into consideration the cost of the land. Permits. Etc. Don't forget the parking lot. Concrete is EXPENSIVE. It would not shock me at all if the actual cost was over $200k