129 2Nd StWichita, KS 67202

Property Details for 129 2Nd St

Year built

1910

Construction

FRAME

Lot size

0.05 AC

Property size (Sq ft)

3,732 SF

Property type

Retail space

APN

087-124-20-0-14-02-001.01

APU

87124200140200101

Description

This exceptional 1,700 square foot commercial property, located at 129 E 2nd St N in Wichita, Kansas, presents a unique investment opportunity. Built in 1910, this two-story brick building, known as the "Hayford" Building, retains many of its original historical features. Currently undergoing renovations, the property offers a single-tenant occupancy in a highly desirable downtown location. The building sits on a 2,016 square foot lot and provides convenient back-lot and street parking. The available space encompasses the entire lower level and includes three private offices, a dedicated conference room, a reception area, a full bathroom, and a kitchenette/breakroom. Additional space is available for file storage, office supplies, or could be easily adapted for additional desks or co-working areas. Its central location provides easy access to numerous local businesses and amenities, making it an ideal space for a variety of commercial uses. The property is situated in Sedgwick County, Kansas, and boasts a prime address within Wichita's vibrant downtown core. This is a rare chance to acquire a piece of Wichita's history while enjoying the benefits of a modern, renovated commercial space. The property's size, location, and historical character make it a highly attractive option for discerning businesses seeking a unique and well-situated space.

• CAP approach

  CAP return

  Valuation

  6%

  $845,528

  6.5%

  $780,488

  7%

  $724,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,131,566

  Geo Method

  $1,131,566

• Alternative Use

  Use

  Valuation

  Residential

  $658,370

  Hospitality

  $603,064

  Educational

  $501,742

  Medical

  $518,998

  Retail

  $780,488

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6896

Longitude

-97.3371

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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