701 Douglas AveWichita, KS 67202

Property Details for 701 Douglas Ave

Year built

1914

Construction

CONCRETE BLOCKS

Lot size

1.64 AC

Property size (Sq ft)

47,335 SF

Property type

Office buildings

APN

087-125-21-0-31-02-001.00-C

APU

087125210310200100C

Description

This iconic four-building complex, totaling 100,000 square feet, offers exceptional office space in the heart of downtown Wichita. Originally constructed in 1910 and extensively renovated in 2016, Union Station seamlessly blends historic charm with modern amenities. The property is ideally suited for both traditional and creative office users, offering flexible space options. Multiple tenancy is available, with spaces ranging from a minimum of 2,500 square feet to a maximum contiguous space of 30,000 square feet. Its prime location on Douglas Avenue places it within easy walking distance of the vibrant Old Town District, boasting over 100 restaurants, shops, theaters, galleries, and museums. The proximity to Intrust Bank Arena further enhances its appeal. This is a unique opportunity to secure office space in a landmark building within a thriving downtown environment. The building's blend of historic character and modern updates creates a distinctive and desirable workspace. The flexible space options cater to a variety of business needs and sizes, making it an attractive proposition for companies seeking a prestigious and convenient location. This property represents a significant opportunity for businesses seeking a prominent presence in Wichita's dynamic downtown core.

• CAP approach

  CAP return

  Valuation

  6%

  $7,295,440

  6.5%

  $6,734,252

  7%

  $6,253,234

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,695,347

  Geo Method

  $5,695,347

• Alternative Use

  Use

  Valuation

  Residential

  $8,350,472

  Hospitality

  $7,648,988

  Educational

  $6,363,868

  Medical

  $6,582,732

  Retail

  $9,899,350

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6854

Longitude

-97.3295

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].