1128 Lincoln StWichita, KS 67211

Property Details for 1128 Lincoln St

Year built

1949

Construction

FRAME

Lot size

0.16 AC

Property size (Sq ft)

2,908 SF

Property type

Auto shops

APN

087-128-28-0-13-05-017.00

APU

87128280130501700

Description

This exceptional Wichita, Kansas warehouse, located at 1128 E Lincoln St, presents a compelling investment opportunity. The 5,926 square foot Class C building, constructed in 1949, sits on a 0.56-acre lot (APN: 00127114, 00127154) and is zoned LC. Currently operating as a multi-tenant property, it offers significant value-add potential for investors and businesses alike. The property features three overhead doors and a service pit, catering to diverse industrial needs. Ample parking is available within the secure, enclosed land. The asking price is $400,000, translating to $75.94 per square foot. This single-story building is part of a package deal with another property (1141 S Laura Ave). Its versatile nature allows for both retail and industrial uses, making it ideal for customization and operational growth. The property's location in Sedgwick County, with a 67211 zip code, provides easy access to major transportation routes and amenities. This is a rare chance to acquire a well-situated, multi-tenant warehouse with substantial upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $658,841

  6.5%

  $608,161

  7%

  $564,721

• Comparable approach

  Method

  Valuation

  Relative Method

  $881,724

  Geo Method

  $881,724

• Alternative Use

  Use

  Valuation

  Residential

  $513,007

  Hospitality

  $469,911

  Educational

  $390,961

  Medical

  $404,407

  Retail

  $608,161

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6719

Longitude

-97.3239

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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