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    501-523 Douglas Ave Wichita, KS 67202

    Sponsored
    For Lease
    $14 SF/Yr

    Prime Wichita Office Space, Multiple Tenants

    Lot size:
    2,970 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Eaton Place, located at 501-523 E Douglas Ave in Wichita, Kansas, presents a unique opportunity for businesses seeking versatile office space in a vibrant downtown location. This Class B property offers a range of options, with spaces divisible down to 794 square feet and contiguous space available up to 9,589 square feet. The building's flexible layout caters to multiple tenants, making it ideal for businesses of various sizes. The property is classified as Retail, Office, and Live/Work space, offering diverse usage possibilities. Situated in the heart of Downtown Wichita's River Center/Arena neighborhood, Eaton Place benefits from its proximity to Intrust Bank Arena and Naftzger Park, ensuring high foot traffic and visibility. This bustling area attracts a diverse clientele, creating a dynamic and energetic atmosphere. The property's Sedgwick County location provides easy access to the city's primary downtown district, offering convenient access to amenities and transportation. The zip code is 67202. This is an excellent opportunity to establish a presence in a thriving and well-connected urban setting. The building's traditional office subtype provides a classic and functional workspace.

    Property Features for 501-523 Douglas Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,970 SF
    Class
    B

    Unit(s) available at that property

    Space
    511 E Douglas
    Size
    2,970 SF
    Rate per SF
    $14

    HighLights

    • Ground floor commercial space available for lease in historic Eaton Place.
    • Open layout ideal for retail, office, or live/work uses.
    • Gated, reserved tenant parking available.
    • Free city parking also available.
    • High‑visibility location on Douglas Avenue with strong foot and vehicle traffic.
    • Downtown Wichita boasts over 26,000 daytime employees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Dental Office Spa & Massage Restaurant Realty agency Hair Salon Nail Salon Daycare Center Clothing Store Pharmacy 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
    -97.331670392817
    Latitude
    37.686054180816

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    FAQs

    What type of property is this?
    Individual retail property - Prime Wichita Office Space, Multiple Tenants
    Where is this individual retail property located?
    The property is located at 501-523 Douglas Ave Wichita, KS.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Ground floor commercial space available for lease in historic Eaton Place.; Open layout ideal for retail, office, or live/work uses.; Gated, reserved tenant parking available.
    Request Owner's contact information
    501-523 Douglas Ave Wichita, KS 67202
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    Wichita, KS 67202
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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
    501-523 Douglas Ave Wichita, KS 67202
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