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    FOR LEASE
    Strip malls

    550 N Rock Rd, Wichita, KS 67206

    13,843 SF 1.83 ac lot Built 1979
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US33-0657719
    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
    $635k
    Owner & transaction history
    Mcv LLC · 10 yrs held
    Mcv LLC
    since 2016
    1 recorded transaction
    2016
    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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