431 Waco Ave Wichita, KS 67202
This exceptional 2,754-square-foot commercial property, located at 431 N Waco Ave in Wichita, Kansas (zip code 67202), presents a unique investment opportunity. Situated in Sedgwick County's Central Business District, this single-tenant building boasts a spacious 22,767-square-foot lot and is zoned for both office and childcare uses. Originally constructed in 1942, the property underwent a complete renovation in 2022, including the installation of new HVAC units and a 20-year roof coating. The building successfully passed all Kansas state childcare inspections in 2023, making it immediately ready for occupancy. Its convenient downtown location near Central & Waco streets offers excellent visibility and accessibility. The property is available for sale at $350,000. Annual property taxes are $6,069. This turnkey solution is perfect for entrepreneurs seeking a well-maintained space in a thriving urban area. The building's functionality and recent upgrades minimize upfront capital expenditures, allowing for a swift and efficient transition into operations. This is an ideal opportunity for investors or operators looking to capitalize on the growing demand for childcare or office space in downtown Wichita.
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Tomorrow’s Promises Daycare Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.