2020 21St StWichita, KS 67203

  • Outlet malls
  • 10,780 SF
For Lease
$12/SF/YR View listing

Property Details for 2020 21St St

Year built
2011
Construction
STEEL FRAME
Lot size
0.33 AC
Property size (Sq ft)
10,780 SF
Property type
Outlet malls
APN
087-122-03-0-33-07-013.00
APU
87122030330701300

Description

This exceptional 9,000 square foot retail space is situated in a thriving multi-tenant shopping center at 2020 W 21st St, Wichita, KS 67203. Located near Amidon St, this single-tenant space offers a rare opportunity for a gross lease, simplifying your financial planning. The property is a one-story building within a strip center, providing excellent visibility and accessibility for customers. The address offers convenient access for both customers and employees, making it an ideal location for a variety of retail businesses. The 9,000 square feet provides ample space for a wide range of retail operations, allowing for flexible layout and design to suit your specific needs. This is a fantastic opportunity to establish or expand your retail presence in a high-traffic area of Wichita, Kansas. The gross lease structure simplifies budgeting and allows you to focus on your business growth. Don't miss this chance to secure a prime retail location in a bustling commercial area. Contact us today to schedule a viewing and explore the possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,442,335
    6.5%
    $2,254,463
    7%
    $2,093,430
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,268,565
    Geo Method
    $3,268,565
  • Alternative Use

    Use
    Valuation
    Residential
    $1,901,724
    Hospitality
    $1,741,969
    Educational
    $1,449,298
    Medical
    $1,499,141
    Retail
    $2,254,463

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.723
Longitude
-97.3123
CBSA code
48620
CBSA name
WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,610
$7,275
$224,300
$231,575
-
$29,100
$897,200
$926,300

FAQs

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