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    1423 S Handley St Wichita, KS 67203

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    For Sale
    $360,000

    Versatile commercial property in Wichita's McCormick neighborhood with expansion potential.

    Property size:
    5,740 SF
    Lot size:
    0.24 Acres

    Property Features for 1423 S Handley St

    General Information

    Size
    5,740 SF
    Lot size
    0.24 Acres

    Source: Landmark Commercial Real Estate Agent Roc Cyphert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wichita Commercial Opportunity For Sale

    Located in the McCormick neighborhood of Wichita, this commercial property offers a versatile opportunity for various business uses. Zoned Limited Commercial (LC), it is suitable for retail, office, and light industrial operations. The main building features 5,100 square feet on the first floor, complemented by a 4,475-square-foot basement. An overhead door facilitates convenient loading and deliveries. Constructed with brick and cement block, the property includes a large open yard with alley access, along with ample paved and street parking. An adjacent building at 1417 S. Handley provides an additional 891 square feet, offering potential for expansion or auxiliary operations. Recent upgrades include a 60-mil rubber roofing membrane installed in 2013 and a new air conditioning unit added in 2007.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pyxis, Inc. Social Services Organization darussellphotography Photographer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3506436
    Latitude
    37.6677052

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    FAQs

    What type of property is this?
    Industrial property - Versatile commercial property in Wichita's McCormick neighborhood with expansion potential.
    Where is this industrial property located?
    The property is located at 1423 S Handley St Wichita, KS.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: - Versatile Limited Commercial (LC) zoning allows for retail, office, and light industrial uses.; - Substantial space: **5,100 sq. ft. first floor plus a 4,475 sq. ft. basement.**; - Additional 891 sq. ft. building at 1417 S. Handley for expansion or auxiliary operations.
    (316) 847-2689
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    1423 S Handley St Wichita, KS 67203
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    Wichita, KS 67203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1423 S Handley St Wichita, KS 67203
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