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    29 29Th St Wichita, KS 67220

    For Sale
    Contact for pricing

    Prime Wichita development opportunity. Multi-family & limited commercial zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 9.52-acre commercial land parcel presents a unique investment opportunity in Wichita, Kansas. Situated at the intersection of 29th and Oliver, this property is zoned for both limited commercial and multi-family uses, offering considerable flexibility for development. The site's strategic location benefits from proximity to established residential and commercial areas. To the south, the property is adjacent to apartment complexes, while across the street to the east, office buildings are situated. Adding to its appeal, the southeast corner of the intersection features a large former church property now utilized by Wichita State University for various purposes, including classrooms, events, auditoriums, and sports fields. While the western portion of the property lies within a designated floodplain, the majority of the land offers significant potential for a variety of development projects. The property's size and zoning make it ideal for a mixed-use development, combining residential and commercial components to cater to the growing needs of the Wichita community. Detailed site plans and flood plain information are available upon request. This is a rare opportunity to acquire a substantial land parcel in a thriving area of Wichita with excellent access to major roadways and amenities. The 67220 zip code offers a strong residential and commercial base. This property is ready for your vision.

    Property Features for 29 29Th St

    General Information

    Property type
    Multifamily properties
    Lot Size
    414,691 SF

    HighLights

    • 9.52‑acre commercial land parcel in Wichita, Kansas.
    • Zoned for limited commercial and multi‑family use.
    • Located at the intersection of 29th and Oliver, near residential and commercial areas.
    • Adjacent to apartment complexes and across from office buildings.
    • Significant portion outside of floodplain, suitable for development.
    • Ideal for mixed‑use development in the 67220 zip code.
    Property Profile 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 Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2806465
    Latitude
    37.7375764

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    FAQs

    What type of property is this?
    Multifamily property - Prime Wichita development opportunity. Multi-family & limited commercial zoning.
    Where is this multifamily property located?
    The property is located at 29 29Th St Wichita, KS.
    What are key features of this property?
    This property features: 9.52-acre commercial land parcel in Wichita, Kansas.; Zoned for limited commercial and multi-family use.; Located at the intersection of 29th and Oliver, near residential and commercial areas.
    (316) 262-6400
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    29 29Th St Wichita, KS 67220
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    Wichita, KS 67220
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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
    29 29Th St Wichita, KS 67220
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