Iconic Downtown Building

Office for Sale
Catylist Listing ID: 30723633
Property Subtypes: Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 30,888 SF
Gross Land Area: 54,600 SF
Sale Price: $2,500,000
Unit Price: $80.94 PSF
Ceiling: 12 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Midian Shrine
Class of Space: Class B
Usable Size (USF): 30,888 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2021

Overview / Comments

· Well known Downtown Building
· Located in CBD Zone
· Located in Opportunity Zone
· 1.25 Acres of Land with 130 Parking Spaces
· Core Downtown Property Values up 47% over past 10 years
· Well built Concrete Reinforced Building
· Located downtown Wichita less than 1 mile from US-400

Attachments & Media

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Taxing Authority: Sedgwick County
Tax ID/APN: 087125210230600300C
Zoning: CBD-CENTRAL BUSINESS DISTRICT
Property Located Between: 1st & Second on Topeka
Property Visibility: Excellent
Highway Access: 3/4 of a mile to Kellogg
Airports: 6 Miles to Eisenhower National Airport
Site Description: Level Site with Plenty of ingress & egress from Topeka St, the alley, and Emporia Ave. 1.25 acres of paved parking.
Area Description: Area is a hotspot in the Downtown Central Business District. Office, Apartments, Restaurants, Bars, Shops are all within blocks of Site.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1971
Roof Type: Flat
Construction/Siding: Concrete
Parking Type: Surface
Parking Description: Large paved parking area with up to 130 parking spaces.
Total Parking Spaces: 130
Passenger Elevators: 1
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Beautiful wood trimmed and highly detailed building. Tall Ceilings, Open floor plans. Building Has: 2 large ball rooms, 1 conference room, large meeting room, several offices, full restaurant/cafeteria, full commercial kitchen, very large bar, 2 grand staircases.
Zoning Description: CBD-Central Business District
Lot Frontage: 290'
Lot Depth: 140'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Multiple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,031 131,014 245,881
Median Age: 33.9 33.16 33.65
Households: 4,615 53,116 100,598

Contact

Photograph of Listing Agent

Colby Reynolds

InSite Real Estate Group, LLC
KSCRE Member
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