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    1621 Hillside St Wichita, KS 67214

    For Sale
    $149,000

    Prime 21,000 SF commercial lot near Wichita State.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 21,000 square foot commercial land parcel presents a compelling redevelopment opportunity in Wichita, Kansas. Ideally situated at 1621 N Hillside St, 67214, this property boasts 150 feet of frontage along Hillside Street and is within walking distance of Wichita State University. Zoned MF-29 for multifamily use, this site offers significant potential for investors seeking to capitalize on the high demand for student housing and the vibrant surrounding community. The property's proximity to the university makes it an attractive location for various commercial ventures catering to students and faculty. With 87% of Wichita State University students residing off-campus, this location offers a substantial and readily accessible target market. The 2023 property taxes were $868.03. This is a rare chance to acquire a well-positioned lot in a rapidly growing area, offering substantial returns on investment. The asking price for this exceptional property is $149,000. Don't miss this opportunity to secure a prime piece of real estate in a thriving Wichita neighborhood. Serious inquiries only.

    Property Features for 1621 Hillside St

    General Information

    Property type
    Land

    HighLights

    • $149,000 asking price for 21,000 SF of land.
    • Multifamily (MF‑29) zoning.
    • Located at 1621 N Hillside St, Wichita, KS 67214.
    • 150 feet of Hillside Street frontage.
    • Excellent redevelopment opportunity near Wichita State University.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2993199
    Latitude
    37.7126917

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    FAQs

    What type of property is this?
    Land - Prime 21,000 SF commercial lot near Wichita State.
    Where is this land located?
    The property is located at 1621 Hillside St Wichita, KS.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: $149,000 asking price for 21,000 SF of land.; Multifamily (MF-29) zoning.; Located at 1621 N Hillside St, Wichita, KS 67214.
    (316) 263-9669
    Request Owner's contact information
    1621 Hillside St Wichita, KS 67214
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    Wichita, KS 67214
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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
    1621 Hillside St Wichita, KS 67214
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