801 Douglas AveWichita, KS 67202

Property Details for 801 Douglas Ave

Year built

1870

Lot size

0.49 AC

Property size (Sq ft)

28,962 SF

Property type

Office buildings

APN

087-125-21-0-31-02-001.04

APU

87125210310200104

Description

This exceptional office space, located within the historic Grand Hotel at Union Station in downtown Wichita, Kansas, offers 5,636 square feet of versatile space in a 10,228 square foot building. Situated at 801 E Douglas Ave, zip code 67202, this property is part of a vibrant and rapidly developing area. The building's prime location within the Union Station Campus places it at the heart of Wichita's revitalized downtown core. The Old Town District, with its abundance of restaurants, shops, theaters, galleries, museums, and businesses, is within easy walking distance. Intrust Bank Arena is also conveniently located nearby. This makes the property ideally suited for a variety of office uses, benefiting from high foot traffic and excellent visibility. The property is in Sedgwick County and offers multiple tenancy options. This is a unique opportunity to secure a prominent presence in one of Wichita's most sought-after locations. The building's rich history and modern amenities combine to create a truly exceptional workspace. The available space presents a rare chance to establish a business in a dynamic and thriving urban environment.

• CAP approach

  CAP return

  Valuation

  6%

  $4,463,727

  6.5%

  $4,120,364

  7%

  $3,826,052

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,484,708

  Geo Method

  $3,484,708

• Alternative Use

  Use

  Valuation

  Residential

  $5,109,250

  Hospitality

  $4,680,046

  Educational

  $3,893,744

  Medical

  $4,027,655

  Retail

  $6,056,934

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6857

Longitude

-97.3285

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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