1116 1st N St Wichita, KS 67214-3905
This exceptional 2.75 million dollar property, located at 1116 E 1st Street N in Wichita, Kansas, presents a unique investment opportunity. Originally a church, the building has undergone a complete and meticulous renovation, resulting in a state-of-the-art facility suitable for a variety of commercial or residential uses. The interior and exterior have been entirely rebuilt with top-quality materials, as detailed in the comprehensive list of building supplies and equipment available upon request. A key feature is the impressive 2600 square foot theatre room, boasting a 12x9 viewing screen and a high-performance 15,000 Lumina projector, described as superior to any other in the city. The property also includes two fully equipped kitchens, adding to its versatility. Beyond the main building, an additional 50x50 foot lot is included, situated to the west of the main property, expanding the potential for development or expansion. The building features a sophisticated 5-zone HVAC system ensuring climate control throughout. Known for its exceptional acoustics, this property represents a rare opportunity to acquire a meticulously renovated, high-end space in a desirable Wichita location. The detailed inventory of building materials, features, and equipment provides comprehensive information for prospective buyers. The property sits on a 0.29-acre lot.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.