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    1639 Meridian Ave Wichita, KS 67213

    For Lease
    $8 SF/Yr ($4,375 /Mo)

    High-visibility retail space, flexible layout.

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 6,000 square foot retail property, located at 1639 S. Meridian Ave. in Wichita, Kansas, presents a fantastic opportunity. The single-story, Class B building, constructed in 1979, sits on a 0.43-acre lot and is zoned LC. The property features 1,200 square feet of immediately available space, with a minimum divisible unit of 1,200 square feet. The flexible layout is ideal for a variety of retail uses, offering both office and warehouse space, including an overhead door. Benefit from excellent visibility with large display windows facing Meridian Avenue, a major thoroughfare. Enhance your brand with building and pole signage opportunities. This location offers convenient access to US-54 Kellogg, less than a mile away. The property enjoys a strong neighborhood presence, with nearby businesses including Cute Paw Tootie, RIP Recovery, Temple Healthcare Agency, and Air Capital Massage. This is a prime opportunity to establish or expand your business in a high-traffic area of Wichita. The property consists of a single building with multiple tenancies.

    Property Features for 1639 Meridian Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF
    Class
    B
    Total Rate
    4375

    Building Details

    Year Built
    1979
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 1
    Size
    2,400 SF
    Rate per SF
    $8

    HighLights

    • Lease Rate: $1,750/month (Modified Gross).
    • Available Space: 2,400 square feet.
    • Building Size: 6,000 square feet.
    • Year Built: 1979.
    • Zoning: LC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Legends Barber Shop Barber Shop AIR CAPITAL MASSAGE Massage Spa LSA Car Audio, ... Car Stereo Store RIP Recovery In Progress Meeting Planning Service Eckankar Religious Institution

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.371015465827
    Latitude
    37.664448270183

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    FAQs

    What type of property is this?
    Neighborhood center - High-visibility retail space, flexible layout.
    Where is this neighborhood center located?
    The property is located at 1639 Meridian Ave Wichita, KS.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Lease Rate: $1,750/month (Modified Gross).; Available Space: 2,400 square feet.; Building Size: 6,000 square feet.
    Request Owner's contact information
    1639 Meridian Ave Wichita, KS 67213
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1639 Meridian Ave Wichita, KS 67213
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