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    215-217 N Washington Ave Wellington, KS 67152

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    For Sale
    $400,000

    Historic building with restaurant and redevelopment potential in downtown Wellington.

    Lot size:
    0.20 Acres

    Property Features for 215-217 N Washington Ave

    General Information

    Lot size
    0.20 Acres

    Source: Reece Nichols South Central Kansas Agent Alex Ibarra, CCIM

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

    Overview

    Historic Downtown Wellington Building For Sale

    This historic building is located in downtown Wellington and is listed on the National and State Historic Registry, presenting potential historic tax credit opportunities. Currently, the building is occupied by a BBQ restaurant. The furniture, fixtures, and equipment are available separately; a detailed list can be obtained from the broker. There is a redevelopment opportunity at 215 N Washington and upstairs at 217 N Washington. The property features a renovated kitchen and an inviting dining room.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wellington
    County
    Sumner
    State
    Kansas
    Longitude
    -97.3976456
    Latitude
    37.2674054

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    FAQs

    What type of property is this?
    Conventional restaurant - Historic building with restaurant and redevelopment potential in downtown Wellington.
    Where is this conventional restaurant located?
    The property is located at 215-217 N Washington Ave Wellington, KS.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Redevelopment opportunity at 215 N Washington and upstairs of 217 N Washington.; - Listed on the National and State Historic Registry.; - Potential historic tax credit opportunities.
    (316) 833-1198
    Request Owner's contact information
    215-217 N Washington Ave Wellington, KS 67152
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    Wellington, KS 67152
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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
    215-217 N Washington Ave Wellington, KS 67152
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