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Property profile & analytics
FOR SALE
Strip malls

550 Rock Rd Wichita, KS 67206-1744

13,843 SF 1.83 ac lot Built 1979
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US33-0657719
No photos on file
For Sale
Contact for pricing 13,843 SF
550 Rock Rd, Wichita, KS 67206-1744
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Property summary
AI-generated overview

This exceptional retail and office space, located at 550 N Rock Rd in Wichita, Kansas, offers a fantastic opportunity for businesses seeking a vibrant and established location. The property, part of the Mill Creek Village complex, boasts a total of 20,396 square feet in a Class B building constructed in 1979. Currently, a single unit of 2,206 square feet is available for lease within this multi-tenant building. The property is conveniently situated north of Central on Rock Rd, in Sedgwick County, zip code 67206. Ample parking is provided with approximately 100 stalls available for tenants and customers. The property is zoned for Limited Commercial use, ensuring a variety of business types can thrive here. The center enjoys a strong tenant mix, including Sweet Pop's, Chez Belle Salon, Roots Barber Shop, Crutch BBQ & Biscuit Co., Burnell's Creative Gold, VIP Nail Salon, and QuickStitch Alterations. A tenant improvement allowance is available for qualified tenants, making this an even more attractive proposition. This is a rare opportunity to secure a space in a well-established and thriving commercial center in a prime Wichita location. Don't miss out on this chance to establish your business in a bustling and convenient area.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1979
Construction FRAME
Total area 13,843 SF
Lot 1.83 ac (79,715 SF)
APN 087-114-17-0-33-01-006.00
UPID US33-0657719
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Quickstitch Alterations By Juliana (Bike/Boat/Book/etc) Store
  • Chez Belle Salon, Inc Hair Salon Nail Salon
  • Haskins Hair salon Barber Shop
  • Sweet Pops Grocery & Convenience Store Specialty Food Shop
  • Quintons Bar & Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$645k
CAP Approach CAP
by Request
Comparable Approach Comparable
$623k
Blend (final) Blend
$645k
Owner & transaction history
Mcv LLC · 10 yrs held
Mcv LLC
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.1M +62.6%
Medical building $895,000 +37.4%
Office building $825,000 +26.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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