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Historic Mixed-Use Eaton Place
For Sale
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517 East Douglas Avenue, Wichita, KS 67202

Mixed-use property in downtown Wichita near entertainment and biomedical campus.

Property SizeContact for details
Days on Market204

Property Features for 517 East Douglas Avenue

General Information

Standard status Active

Building Details

Year Built 1886
Year Renovated 2000
Units 116
Listing Agency: Carpenter, REALTORS
Listed By: Ted Prince · License #RB18000539
Source: Nmrk
Added: Jan 27 Changed: Aug 8 Last Checked: May 11 at 7:10AM

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 Carpenter, REALTORS

Investment Insights

Based on property information with market context.

Eaton Place is a mixed-use property in the heart of Wichita, Kansas. Originally constructed in 1886 and extensively renovated in 2000, this six-story building features 116 residential units and 10 commercial spaces. The property is currently at 87.8% occupancy. Residents have access to amenities such as secured garage parking, a media theater, a fitness center, and a clubhouse. The residential units feature high-ceiling floor plans, in-unit washers and dryers, dishwashers, and ranges. Select upgraded units include granite countertops. Located in downtown Wichita, Eaton Place is situated within one mile of Equity Bank Park, INTRUST Bank Arena, and the Century II Performing Arts Center. It is also located two blocks from the $300-million Wichita Biomedical Campus, a 471,000 square foot health science facility joint venture between Wichita State University and the University of Kansas. Upon completion in 2027, the campus will house 3,000 medical students and 200 faculty.

Key Highlights

  • Value‑add opportunity through interior unit upgrades to increase revenue.
  • Prime downtown location within walking distance of top entertainment venues.
  • Proximity to the $300 million Wichita Biomedical Campus (opening in 2027) promising increased demand.

Property Analytics

Current Use

Eaton Place Apartment Complex SpurgMedia Marketing & Advertising

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

3,625
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 - Mixed-use property in downtown Wichita near entertainment and biomedical campus.
Where is this mixed-use property located?
The property is located at 517 East Douglas Avenue Wichita, KS.
What are key features of this property?
This property features: Value‑add opportunity through interior unit upgrades to increase revenue.; Prime downtown location within walking distance of top entertainment venues.; Proximity to the $300 million Wichita Biomedical Campus (opening in 2027) promising increased demand.
More about this property
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