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Restaurant Building with Outdoor Patio
For Sale
Contact for pricing
Pending

338 N Mead St, Wichita, KS 67202

Fully leased multi-suite restaurant building with a newly built outdoor patio and separately metered 3-phase power.

Property SizeContact for details
Days on Market118

Property Features for 338 N Mead St

General Information

Standard status Pending
Property subtype Retail
Occupancy 100%

Additional Details

Heavy Power Yes

Amenities

patio

Building Details

Tenancy Multi
Listing Agency: Robert Mitelhaus
Listed By: Robert Mitelhaus · License #CA 01387194
Source: Crexi
Added: Apr 11 Changed: Jul 21 Last Checked: Aug 6 at 10:02AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Robert Mitelhaus

Investment Insights

Based on property information with market context.

Built out to support restaurant use, this multi-suite property includes a newly constructed outdoor patio built for seating. The building is served by 600 AMPS 3-phase power, separately metered to each suite. Roof replacement was completed in 2015, with an estimated 30-year service life.

The property is located at 338 N Mead St in Old Town, Wichita, KS, with large parking capacity available. It is a fully leased investment offering.

Knolla’s Pizza has leased 2,950 square feet and is scheduled to open October 1, 2024, with rent commencement beginning November 1, 2024. Two additional suites were leased as of May 2024 to The Libra Connection and High Hopes ICT. Each suite has a 10-year lease term with 3% annual rent increases.

Key Highlights

  • Fully leased multi‑suite restaurant building with new outdoor patio for seating
  • Built‑out property with 3‑phase power (600 AMPS) that is separately metered to each suite
  • Knolla’s Pizza leased 2,950 SF with a new 10‑year lease and 3% annual increases; opens Oct 1, 2024

Property Analytics

Current Use

Rock Island Studios Marketing & Advertising

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service Tanning Salon Pet Store Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy
Yes
Heavy power

Location Intelligence

Trade Area within ½ mile

3,638
Businesses Nearby
81k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 58% Dining 25% Hotels & Casinos 15% Home Improvements & Furnishings 2%
QuikTrip Shops & Services
43,089 visits/mo 0.2 miles
Five Guys Dining
8,526 visits/mo 0.3 miles
Hilton Garden Inn Hotels & Casinos
8,061 visits/mo 0.4 miles
Scooter's Coffee Dining
5,621 visits/mo 0.1 miles
Courtyard Wichita At Old Town Hotels & Casinos
4,179 visits/mo 0.0 miles

Demographics for 67202, KS

2,435
Population
1,778
Households
1.4
Avg Household Size
35
Median Age
53%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
2,435
Density / Sq Mi
$67,892
Median Household Income
$41,160
Median Earnings
$1,039
Median Rent

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Sam and Nancy's Cafe 165 N Main, Wichita, KS 67202

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully leased multi-suite restaurant building with a newly built outdoor patio and separately metered 3-phase power.
Where is this conventional restaurant located?
The property is located at 338 N Mead St Wichita, KS.
What are key features of this property?
This property features: Fully leased multi‑suite restaurant building with new outdoor patio for seating; Built‑out property with 3‑phase power (600 AMPS) that is separately metered to each suite; Knolla’s Pizza leased 2,950 SF with a new 10‑year lease and 3% annual increases; opens Oct 1, 2024
(661) 373-7443 Call to check price and availability
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