1501 Douglas Ave Wichita, KS 67211-1608
Property profile & analytics
1501 Douglas Ave Wichita, KS 67211-1608
- Flex space
- 51,021 SF
- 0.50 lot acres
Property ID
US33-0261151
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- HD Auto Sales / Car Dealership
- Mc Cormick-Armstrong / Marketing & Advertising / Printing Service
- McCormick Health / Insurance Agency
- HD Automotive / Auto Repair Shop
Property Details for 1501 Douglas Ave
- Year built
- 1935
- Lot size
- 0.50 lot acres
- Property size
- 51,021 SF
- Property type
- Flex space
- APN
- 087-125-21-0-41-02-002.00-A
- APU
- 087125210410200200A
Description
This exceptional redevelopment opportunity presents 84,070 square feet of office space in the vibrant Douglas Design District, Sedgwick County. Strategically located near the signalized intersection of Douglas and Hydraulic, this single building property offers significant potential. The property features two suites, with 50,000 square feet currently vacant, divisible into spaces ranging from 12,000 to a maximum contiguous 38,000 square feet. Built in 1923, the building boasts 112 parking spaces, a significant advantage in a bustling urban setting. The CBD zoning allows for a variety of uses, making it ideal for a modern coworking space, creative office complex, or a combination thereof. This is a unique chance to capitalize on the area's growth and revitalization. Significant financial incentives are available, including state and federal tax credits, and the property may qualify for property tax abatement. 2023 property taxes totaled $26,366.39 ($26,259.69 general, $106.70 special assessments). This presents a compelling investment opportunity with substantial upside potential in a highly sought-after location. The property's size and flexibility make it suitable for a wide range of development plans, catering to the evolving needs of today's businesses. Don't miss this chance to acquire a landmark property in a rapidly developing area.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.3194
- Latitude
- 37.6858
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,713
$24,400
$175,118
$199,518
-
$97,600
$700,470
$798,070
