2043 21St StWichita, KS 67203

Property Details for 2043 21St St

Year built

1973

Lot size

0.74 AC

Property size (Sq ft)

10,500 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

087-123-07-0-21-00-003.00-A

APU

087123070210000300A

Description

This 10,500 square foot retail strip center, situated on a 0.74-acre lot in Sedgwick County, offers a fantastic leasing opportunity. Currently, one 1,540 square foot space is available within this multi-tenant property. The center boasts a highly desirable location west of the southwest corner of 21st Street and Amidon Avenue, benefiting from exceptional visibility and accessibility. Monument signage is available for increased brand awareness. Further enhancing convenience, a second entrance with dedicated signage and additional parking is located south of the main building. The property enjoys a strong tenant mix and is surrounded by a wealth of established businesses, including Braum's, AutoZone, Subway, Burger King, Arby's, Walmart, Planet Fitness, Freddy's, Intrust Bank, Long John Silver's, Sutherlands, Davis Liquor, Fidelity Bank, McDonald's, Dillons, Taco Bell, Pizza Hut, Wendy's, and Chipotle, ensuring high foot traffic and customer exposure. This prime location offers a unique opportunity for businesses seeking a thriving retail environment with excellent visibility and convenient access. The property's strategic placement within a dense commercial area guarantees a steady stream of potential customers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,378,898

  6.5%

  $2,195,905

  7%

  $2,039,055

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,183,667

  Geo Method

  $3,183,667

• Alternative Use

  Use

  Valuation

  Residential

  $1,852,328

  Hospitality

  $1,696,723

  Educational

  $1,411,653

  Medical

  $1,460,202

  Retail

  $2,195,905

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.7224

Longitude

-97.3647

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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