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Mixed-Use Property with Studio Apartments
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154 N Topeka Ave, Wichita, KS 67202

Ground-floor commercial space supports three tenants, with newly built residences and laundry above.

Property SizeContact for details
Days on Market145

Property Features for 154 N Topeka Ave

General Information

Standard status Active
Property subtype Mixed Use

Units

Unit Mix 14 x studio
Multifamily Units 14

Amenities

laundry facility
Listing Agency: Landmark Commercial Real Estate
Listed By: Craig Simon · License #KS 00228700
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 11:56PM

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 Landmark Commercial Real Estate

Investment Insights

Based on property information with market context.

This mixed-use building combines an established commercial component with new residential space. The ground floor is occupied by 3 commercial tenants under 5-year leases, while the second floor contains 14 studio apartments and a laundry facility.

The property is within walking distance of Wichita’s Old Town entertainment district, Intrust Bank Arena, Naftzger Park, and the Arkansas River pedestrian and bike trail. Nearby destinations include the Historic Scottish Rite Temple, Historic Orpheum Theatre, Hilton Garden Inn, Ambassador Hotel, and Southwest National Bank.

Key Highlights

  • 3 commercial tenants on the ground floor with 5‑year leases
  • 14 newly built studio apartments on the second floor
  • Laundry facility serving the second‑floor apartments

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Tanning Salon Pet Store Pet Store & Service 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

14
Residential units

Location Intelligence

Trade Area within ½ mile

3,722
Businesses Nearby

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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor commercial space supports three tenants, with newly built residences and laundry above.
Where is this mixed-use property located?
The property is located at 154 N Topeka Ave Wichita, KS.
What are key features of this property?
This property features: 3 commercial tenants on the ground floor with 5‑year leases; 14 newly built studio apartments on the second floor; Laundry facility serving the second‑floor apartments
(316) 204-0150 Call to check price and availability
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