1501 Douglas AveWichita, KS 67211

For Lease
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Property records and analytics
Prime Coworking/Creative Office Space

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional redevelopment opportunity presents 84,070 square feet of office space in the vibrant Douglas Design District, Sedgwick County. Strategically located near the signalized intersection of Douglas and Hydraulic, this single building property offers significant potential. The property features two suites, with 50,000 square feet currently vacant, divisible into spaces ranging from 12,000 to a maximum contiguous 38,000 square feet. Built in 1923, the building boasts 112 parking spaces, a significant advantage in a bustling urban setting. The CBD zoning allows for a variety of uses, making it ideal for a modern coworking space, creative office complex, or a combination thereof. This is a unique chance to capitalize on the area's growth and revitalization. Significant financial incentives are available, including state and federal tax credits, and the property may qualify for property tax abatement. 2023 property taxes totaled $26,366.39 ($26,259.69 general, $106.70 special assessments). This presents a compelling investment opportunity with substantial upside potential in a highly sought-after location. The property's size and flexibility make it suitable for a wide range of development plans, catering to the evolving needs of today's businesses. Don't miss this chance to acquire a landmark property in a rapidly developing area.

Highlights

  • Redevelopment opportunity in Wichita's Douglas Design District, at the Douglas & Hydraulic intersection.
  • 2023 property taxes: $26,366.39.
  • Eligible for state & federal tax credits and potential property tax abatement.
  • 84,070 SF office building, with 50,000 SF currently vacant.
  • Minimum 12,000 SF divisible, maximum 38,000 SF contiguous space available.
  • 112 parking spaces available.

Property Details for 1501 Douglas Ave

Property type
Office properties, Office space
RSF (Rentable sq. ft)
84,070 SF
Year Built
1923
Buildings
1

Unit(s) available at that property

Space
1ST FLOOR
Size
38,000 SF

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.685428
Longitude
-97.3193223
1501 Douglas Ave, Wichita, Kansas

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FAQs

What type of property is this?
Office property - Prime Coworking/Creative Office Space
Where is the office property located?
The property is located at 1501 Douglas Ave Wichita, KS.
What are key features of this property?
This property features: Redevelopment opportunity in Wichita's Douglas Design District, at the Douglas & Hydraulic intersection.; 2023 property taxes: $26,366.39.; Eligible for state & federal tax credits and potential property tax abatement.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Grant Tidemann
Grant Tidemann
Bradley Tidemann
Bradley Tidemann
Visit Broker Website

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Douglas Ave
Wichita, KS 67211

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Douglas Ave
Wichita, KS 67211

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1501 Douglas Ave
  • Grant Tidemann
    Grant Tidemann
  • Bradley Tidemann
    Bradley Tidemann
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