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    1700 Douglas Ave Wichita, KS 67203

    Sponsored
    For Sale
    $1,175,000

    Prime Wichita storefront, 16,068 SF, redevelopment opportunity.

    Property size:
    16,068 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16,068-square-foot storefront property presents a rare redevelopment opportunity in Wichita's vibrant Delano District. Located at 1700 W Douglas Ave, this two-story building, constructed in 1928, sits on a 0.45-acre lot and offers significant potential for investors or owner-users. Currently, 7,500 square feet are leased to short-term tenants, a dance studio and a bookstore, generating immediate income. The remaining vacant space boasts a large, open floor plan, high ceilings, and abundant natural light, ideal for a variety of uses. An additional lot in the rear provides ample parking. The asking price is $1,175,000, translating to $73.13 per square foot. The property is zoned for Delano District uses. The anticipated occupancy date is July 18, 2024. This location benefits from its proximity to shops and restaurants within walking distance, and the city is actively enhancing West Douglas Avenue with street improvements and new amenities, promising increased foot traffic and visibility. This is a unique chance to acquire a substantial property in a thriving, historic district.

    Property Features for 1700 Douglas Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    16,068 SF
    Lot Size
    19,602 SF

    Building Details

    Year Built
    1928
    Buildings
    1
    Stories
    2

    HighLights

    • Rare redevelopment opportunity, ideal for investors or owner‑occupants.
    • Excellent Delano District location, steps from shops, restaurants, and businesses.
    • 7,500 SF currently leased to short‑term tenants (dance studio and bookstore).
    • Vacant space boasts a large open floor plan with high ceilings and abundant natural light.
    • Includes additional rear lot providing ample parking.
    • City‑led West Douglas Street improvements and upgrades underway.
    Property Profile Location Intelligence

    Current Use by Public Records

    M & M Insurance ... Auto Insurance Agency Al’s Old and New ... Used Book Store Progressive Car Insurance Auto Insurance Agency Telcom Insurance Group Insurance Agency Kids Play and More Outdoor Furniture Store

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3603727
    Latitude
    37.6842428

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    FAQs

    What type of property is this?
    Individual retail property - Prime Wichita storefront, 16,068 SF, redevelopment opportunity.
    Where is this individual retail property located?
    The property is located at 1700 Douglas Ave Wichita, KS.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: Rare redevelopment opportunity, ideal for investors or owner-occupants.; Excellent Delano District location, steps from shops, restaurants, and businesses.; 7,500 SF currently leased to short-term tenants (dance studio and bookstore).
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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
    1700 Douglas Ave Wichita, KS 67203
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