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Downtown Wichita Retail/Office Space
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501-523 E Douglas Ave, Wichita, KS 67202

Located in the heart of downtown Wichita near Intrust Bank Arena.

Space Size2,914 SF - 2,970 SF
Days on Market1241

Property Features for 501-523 E Douglas Ave

General Information

Standard status Active
Size 2,914 SF - 2,970 SF
Class B
Property subtype Retail, Office
Lease Type NNN

Building Details

Tenancy Multiple

Spaces For Lease

at 501-523 E Douglas Ave Contact us

515 E Douglas

Size
2,914 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

523 E Douglas

Size
2,970 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: NAI Martens
Listed By: Trevor Stacy, CCIM · License #00244816
Source: Crexi
Added: Apr 10, 2023 Changed: Aug 27 Last Checked: Aug 30 at 11:28PM

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 NAI Martens

Investment Insights

Based on property information with market context.

Located in the heart of Downtown Wichita, the River Center/Arena neighborhood provides an active and bustling community. The property benefits from its access to the primary downtown district, Intrust Bank Arena, and Naftzger Park, attracting a diverse range of patrons.

Key Highlights

  • Located in the heart of Downtown Wichita.
  • Access to the primary downtown district.
  • Proximity to Intrust Bank Arena.

Property Analytics

Current Use

Retail space

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.

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

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

Lease Benchmarks for Wichita, KS

$13.59 /SF/Yr
Avg Asking Price
$9–$19 /SF/Yr
Price Range
4,965 SF
Avg Space Size

This space is priced 18% above the average of $13.59 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Located in the heart of downtown Wichita near Intrust Bank Arena.
Where is this retail space located?
The property is located at 501-523 E Douglas Ave Wichita, KS.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Located in the heart of Downtown Wichita.; Access to the primary downtown district.; Proximity to Intrust Bank Arena.
(316) 262-0000 Call to check price and availability
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