Downtown Wichita Commercial Building

Retail-Commercial for Sale
Catylist Listing ID: 30732801
Property Subtypes: Free-Standing Building, Mixed Use, Parking Facility, Vehicle Related, Other
Building Size (RSF): 12,082 SF
Gross Building Area: See Agent
Gross Land Area: 21,000 SF
Sale Price: $1,024,160
Unit Price: $84.77 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/2/2021

Overview / Comments

For Sale! Downtown Wichita, KS Commercial Building Near Intrust Bank Arena. Located in the heart of the downtown Wichita metro area, this property has a variety of potential uses for the next owner. The property is currently used for a mixed use investment property with a combination of owner used space and multiple leased out units. The location is south of Intrust Bank Arena and just to the west of the Commerce Street Art District. The diversity of the this area in the core of the city provides for multiple uses for an owner user or real estate investor. There are two areas of the building that are being used for auto related businesses and the third space is occupied for a dance studio. The building has five overhead doors with four of the overhead doors being oversized. The South space also has a paint booth that can be negotiated with the sale of the real estate. The continued activity of downtown Wichita makes this area attractive for continued redevelopment and investment in quality real estate.

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Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087125210330700800
Zoning: CENTRAL BUSINESS DISTRICT
Property Visibility: Excellent
Tenancy: Multiple Tenants
Roof Type: Flat

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,402 134,962 249,517
Median Age: 31.9 33.02 33.75
Households: 5,066 54,956 101,823
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