1020 Main St Wichita, KS 67203-3624
- Office buildings
- 11,180 SF
- 0.60 lot acres
Current Use by Public Records
- SER Corporation / Charitable Organization / Social Service Agency
- Arabia Paul / Law Firm
- Cameron & Herrman, P.A. / Law Firm / Child Welfare Organization
Property Details for 1020 Main St
- Year built
- 1987
- Construction
- FRAME
- Lot size
- 0.60 lot acres
- Property size
- 11,180 SF
- Property type
- Office buildings
- APN
- 087-124-17-0-14-07-008.00-A
- APU
- 087124170140700800A
Description
This 11,180-square-foot, single-story Class B office building in Wichita, Kansas, presents a compelling investment opportunity. Built in 1987 and extensively renovated in 2010, the property features five suites totaling 10,286 net rentable square feet, currently vacant except for two suites occupied by a non-profit organization, SER Corporation, which has federal grant funding. SER Corporation's presence offers potential for a long-term lease or sale. Each suite boasts separate electric meters, with tenants responsible for utilities. Suite A (2,036 SF) includes six private offices, a reception area, and a kitchenette. Suite B (2,064 SF) offers two private offices, a large coworking area, and a conference room. All suites have private bathrooms and kitchenettes, plus access to shared common areas. Recent improvements include a 2019 roof replacement and HVAC unit upgrades within the last seven years. The property includes 33 parking spaces in a fenced lot with a gated entry. Located at 1020 N Main, it's near Park Elementary School, the Breakthrough Clubhouse, and various professional offices, within a mile of county offices and Ascension Via Christi St Francis, and two miles from the downtown core. The 0.6-acre lot is zoned for neighborhood retail. The asking price is $975,000 ($87.21/SF).
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $425,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $699,000
Market price range: $506k - $1.58M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $835,000
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Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.3377
- Latitude
- 37.7013
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA