200 Hillside StWichita, KS 67211

Property Details for 200 Hillside St

Year built

1976

Construction

FRAME

Lot size

0.67 AC

Property size (Sq ft)

8,400 SF

Property type

Office buildings

APN

087-126-23-0-32-08-002.00

APU

87126230320800200

Description

This 8,400+/- square foot commercial building in Wichita, Kansas, presents a unique investment opportunity. Located on a 0.67-acre corner lot at the southeast intersection of English and Hillside Streets, this property enjoys a prime location near Hillside and Douglas, boasting an estimated daily traffic count of 17,000 vehicles. The building features ample paved parking, sidewalks, and two entrances, making it suitable for multiple tenants. The interior offers 8,400 square feet of open commercial space with concrete flooring and three-phase power potential. Its flexible zoning (NR - Neighborhood Retail) allows for diverse uses, including retail, office, warehouse, or mixed-use development. The property is conveniently situated near the Crown Uptown Theater, a neurology center, and various restaurants, benefiting from established businesses in the area. While some utilities are currently off, the buyer will be responsible for reconnection. The property is being sold "as is, where is" at an online auction, with bidding opening January 28th, 2024, at 2 PM CST and closing February 12th, 2024, at 2:20 PM CST. A 10% buyer's premium (minimum $2,500) will be added to the final bid. A $35,000 earnest money deposit is required. Pre-auction property viewings are available by appointment. Detailed zoning information is available in the property information packet. Clear title and no back taxes are guaranteed at closing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,294,638

  6.5%

  $1,195,050

  7%

  $1,109,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,010,688

  Geo Method

  $1,010,688

• Alternative Use

  Use

  Valuation

  Residential

  $1,481,863

  Hospitality

  $1,357,378

  Educational

  $1,129,323

  Medical

  $1,168,162

  Retail

  $1,756,724

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6842

Longitude

-97.2986

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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