Downtown Wichita Commercial
410 N Saint Francis Ave, Wichita, KS 67202
20,000 SF commercial property with office and warehouse space.
Type:Office
Property size:
20,000 SFPrice / SF:
$135/SF- Added:
- Nov 25, 2025
- Days on Market:
- 177
- Last Refresh:
- Apr 5 at 11:21 pm
Property Features for 410 N Saint Francis Ave
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1968
Listing agent Grant Glasgow, SIOR (316) 847-4908
Listing office (316) 847-4908
Listing date Nov 25, 2025
Source Naimartens
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 Grant Glasgow, SIOR
HighLights
- 20,000 SF commercial property featuring 16,000 SF of office space and a 4,000 SF warehouse.
- Prime downtown Wichita location with high visibility and accessibility.
- Remodeled in 2017 with updated electrical, lighting, and a fire sprinkler system.
- VRF HVAC system with independent temperature controls for each room.
- New concrete parking lot (2024), office roof (2017), and warehouse roof (2021).
- Warehouse includes one 10’ overhead door and one dock‑high door.
Overview
This 20,000 square foot commercial property, located in downtown Wichita, features 16,000 square feet of office space, with 8,325 square feet on the first floor and 7,500 square feet on the second floor. Additionally, it includes a 4,175 square foot warehouse with a 10-foot overhead door and a dock-high door. The property was remodeled in 2017 and includes updated electrical and lighting systems, a new fire sprinkler system, and a VRF HVAC system with independent temperature controls for each room. Further improvements include a new concrete parking lot completed in October 2024, a new office area roof installed in 2017, and a warehouse roof replaced in 2021. Constructed in 1968, the property is situated on a 0.48-acre lot and offers high visibility and accessibility, with proximity to major roads, public transport, and various amenities. The surrounding area features a mix of businesses, dining options, and cultural attractions, making it suitable for commercial use. This move-in-ready space is ideal for businesses seeking modern amenities and prime accessibility.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.69M
NOI $241,983 @ 9.00% cap · cautious / downside scenario
Moderate
$3.46M
NOI $241,983 @ 7.00% cap · market / base-case scenario
Aggressive
$4.84M
NOI $241,983 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $400.8k | $20.04 |
| − Vacancy | −$78.2k | −$3.91 |
| EGI | $322.6k | $16.13 |
| − OpEx | −$80.7k | −$4.03 |
| NOI | $242.0k | $12.10 |
20,000 SF · lease $20.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$3.46M
$3.02M – $4.03M
NOI $241,983 @ 7.0% cap · market cap 8.96%
Second Best
Warehouse
$2.45M
$2.14M – $2.86M
NOI $171,442 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$4.95M
$4.33M – $5.78M
NOI $346,644 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.3343
- Latitude
- 37.6865
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 20,000 SF commercial property with office and warehouse space.
Where is this office building located?
The property is located at 410 N Saint Francis Ave Wichita, KS.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 20,000 SF commercial property featuring 16,000 SF of office space and a 4,000 SF warehouse.; Prime downtown Wichita location with high visibility and accessibility.; Remodeled in 2017 with updated electrical, lighting, and a fire sprinkler system.
