701 Douglas Ave Wichita, KS 67202
- Office buildings
- 47,335 SF
- 1.64 lot acres
Current Use by Public Records
- Faneuil at Union Station / Corporate Office
- Union Station Plaza / Tourist Attraction
- 750 Plus Credit Score - Credit repair Wichita KS / Credit Counseling Service
- Blue Cross Health Brokers Wichita / Health Insurance Agency
- Candy Cones / Dessert Shop
Property Details for 701 Douglas Ave
- Year built
- 1914
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.64 lot acres
- Property size
- 47,335 SF
- Property type
- Office buildings
- APN
- 087-125-21-0-31-02-001.00-C
- APU
- 087125210310200100C
Description
This iconic four-building complex, totaling 100,000 square feet, offers exceptional office space in the heart of downtown Wichita. Originally constructed in 1910 and extensively renovated in 2016, Union Station seamlessly blends historic charm with modern amenities. The property is ideally suited for both traditional and creative office users, offering flexible space options. Multiple tenancy is available, with spaces ranging from a minimum of 2,500 square feet to a maximum contiguous space of 30,000 square feet. Its prime location on Douglas Avenue places it within easy walking distance of the vibrant Old Town District, boasting over 100 restaurants, shops, theaters, galleries, and museums. The proximity to Intrust Bank Arena further enhances its appeal. This is a unique opportunity to secure office space in a landmark building within a thriving downtown environment. The building's blend of historic character and modern updates creates a distinctive and desirable workspace. The flexible space options cater to a variety of business needs and sizes, making it an attractive proposition for companies seeking a prestigious and convenient location. This property represents a significant opportunity for businesses seeking a prominent presence in Wichita's dynamic downtown core.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $5,830,000
Market price range: $1.57M - $6.17M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,760,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $4,085,000 Change: +9% Conversion: Easy
- RESTAURANT
- $3,995,000 Change: +6% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $3,615,000 Change: -4% Conversion: Difficult
- MEDICAL BUILDING
- $3,280,000 Change: -13% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.3295
- Latitude
- 37.6854
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
