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    701 Douglas Ave Wichita, KS 67202

    For Lease
    $19 SF/Yr

    Downtown Wichita Office Suites Available

    Lot size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This iconic four-building complex, totaling 100,000 square feet, offers exceptional office space in the heart of downtown Wichita. Originally constructed in 1910 and extensively renovated in 2016, Union Station seamlessly blends historic charm with modern amenities. The property is ideally suited for both traditional and creative office users, offering flexible space options. Multiple tenancy is available, with spaces ranging from a minimum of 2,500 square feet to a maximum contiguous space of 30,000 square feet. Its prime location on Douglas Avenue places it within easy walking distance of the vibrant Old Town District, boasting over 100 restaurants, shops, theaters, galleries, and museums. The proximity to Intrust Bank Arena further enhances its appeal. This is a unique opportunity to secure office space in a landmark building within a thriving downtown environment. The building's blend of historic character and modern updates creates a distinctive and desirable workspace. The flexible space options cater to a variety of business needs and sizes, making it an attractive proposition for companies seeking a prestigious and convenient location. This property represents a significant opportunity for businesses seeking a prominent presence in Wichita's dynamic downtown core.

    Property Features for 701 Douglas Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,000 SF
    Total Rate
    162500

    Building Details

    Year Built/Renovated
    1910/2016

    Unit(s) available at that property

    Space
    Express Building
    Size
    17,742 SF
    Rate per SF
    $19
    Space
    Grand Termimal
    Size
    50,000 SF
    Rate per SF
    $19
    Space
    Suite 180
    Size
    3,609 SF
    Rate per SF
    $19

    HighLights

    • 100,000 square foot office building with multiple tenants.
    • Offers traditional and creative office space, also including retail.
    • Spaces available range from 2,500 to 30,000 contiguous square feet, with a minimum divisible space of 2,500 square feet.
    • Built in 1910 and renovated in 2016.
    • Located in downtown Wichita's Old Town District, near restaurants, shops, entertainment venues, and Intrust Bank Arena.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Faneuil at Union Station Corporate Office Union Station Plaza Tourist Attraction 750 Plus Credit ... Credit Counseling Service Blue Cross Health ... Health Insurance Agency Candy Cones Dessert Shop

    Suggested Use

    Dental Office Spa & Massage Restaurant Realty agency Hair Salon Nail Salon Daycare Center Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3295468
    Latitude
    37.685389

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    FAQs

    What type of property is this?
    Office space - Downtown Wichita Office Suites Available
    Where is this office space located?
    The property is located at 701 Douglas Ave Wichita, KS.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 100,000 square foot office building with multiple tenants.; Offers traditional and creative office space, also including retail.; Spaces available range from 2,500 to 30,000 contiguous square feet, with a minimum divisible space of 2,500 square feet.
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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
    701 Douglas Ave Wichita, KS 67202
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