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Historic Office Building Lease Option

238 N Mead St., Wichita, KS 67202

For Lease
$14 SF/Yr

Built in 1916 with modern finishes and adaptable space, with a lease plus purchase option available.

Space Size26,400 SF
Days on Market139

Property Features for 238 N Mead St.

General Information

Standard status Active
Size 26,400 SF
Property subtype Office
Zoning LI
Lease Term NNN

Site & Location

Neighborhood Downtown

Building Details

Building Size 26,400 SF
Year Built 1916

Spaces For Lease

at 238 N Mead St.
238 N. Mead $14 – $16/SF/Yr
Size 26,400 SF
Type Office Building
Term Negotiable
Contact us
Listing Agency: J.P. Weigand & Sons Inc.
Listed By: Whitney Vliet Ward · License KS #00235539
Source: Weigand
Added: Jun 25 Changed: Nov 8 Last Checked: Nov 8 at 2:48AM

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 J.P. Weigand & Sons Inc.

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Investment Insights

Based on property information with market context.

This historic office building was built in 1916 and features modern finishes throughout, offering a versatile interior that can be adapted to a variety of business requirements. The property totals approximately 26,400 RSF of available space and is positioned to accommodate a range of office users looking for flexibility in how they operate day to day.

The building is located at 238 N. Mead St. in Old Town, within a district supported by professional office users along with dining, retail, and entertainment options nearby. Nearby employers and businesses named in the area include McCown Gordon Construction, Shelden Architecture, Pumphouse, Old Chicago, and Sabor.

This opportunity includes a lease with purchase option, which can appeal to an office user or buyer seeking control over long-term occupancy. With its adaptable layout and blend of historic character and modern finishes, the space is well suited for organizations that need room to configure their office workflow while staying in a mixed-use environment where other businesses operate.

Key Highlights

  • Approximately 26,400 RSF of adaptable space suited to a variety of business needs
  • Lease with purchase option available
  • Built in 1916 with historic architectural character

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

T3 at Wichita State ... (Bike/Boat/Book/etc) Store Support Groups in Kansas Association / Organization Center-Community Support Charitable Organization Kansas PTAC Government Economic Program Kansas Prevention Collaborative Association / Organization

Suggested Use

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

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

NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,314
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Wichita, KS

$13.41 /SF/Yr
Avg Asking Price
$9.95–$17 /SF/Yr
Price Range
15,833 SF
Avg Space Size

This space is priced 4% above the average of $13.41 /SF/Yr.

Average Price Trend$/SF/Yr for Office buildings in Wichita, KS

$14.42 Jul
$17.07 Aug
$12.69 Sep
$13.41 Oct

Properties on Market for Office buildings in Wichita

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Built in 1916 with modern finishes and adaptable space, with a lease plus purchase option available.
Where is this office building located?
The property is located at 238 N Mead St. Wichita, KS.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Approximately 26,400 RSF of adaptable space suited to a variety of business needs; Lease with purchase option available; Built in 1916 with historic architectural character
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