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29522858
29522868

1100 N Topeka Ave, Wichita, KS 67214

JS
Builders Inc.
Listed by Builders Inc.
$1,060,000
110 days on market
Updated 11 days ago
Opportunity zone

1100 N Topeka Wichita KS

Details
APN 087-125-16-0-23-03-006.00-B
Property Type Multifamily, Office
Sub Type Apartment Building, Medical Office (+1)
Square Footage 8,477
Occupancy 100%
Tenancy Single
Lease Term 2
Remaining Term 2
Price per SqFt $125
Class C
Year Built 1986
Stories 2
Acreage 0.210
Zoning Multi-Family
Investment Type Sale/Leaseback
Sale Condition Sale for leaseback

MOB Leaseback

Marketing description

INCOME PRODUCING MEDICAL OFFICE WITH FUTURE VERSATILITY

Immediate Cash Flow with Potential Conversion

IMMEDIATE INCOME VIA 24 MONTH LEASEBACK

This is a rare “de-risked” investment opportunity in the heart of

Wichita’s medical district. The current medical tenant intends to

lease back the facility for approximately 24 months following the

sale. This provides a new owner with immediate cash flow while

evaluating future conversion options.

Irreplaceable Location: Directly north of the region’s largest hospital

campus.

Specialized Infrastructure: 8,477 sq ft high-spec medical building

featuring a surgery suite.

Multi-Family Zoning: Zoning allows conversion to apartments or short-term

rentals (such as Airbnb).

Traditional Build: Lobby, offices, and exam rooms are featured inside.

PHASE 1: STABLE MEDICAL INVESTMENT

  • Surgery Suite: Equipped for outpatient procedures.

  • Clinical Flow: Efficient layout including multiple exam rooms, nurse stations, and administrative offices.

  • Physician Hub: Directly adjacent to Ascension Via Christi St. Francis, providing unmatched convenience for hospital-affiliated staff.

Utilize the current high-value medical build-out during the leaseback period:

PHASE 2: ADAPTIVE RE-USE POTENTIAL

  • Apartment Conversion: The 8,477 sq ft footprint is ideal for reconfiguring into a multi-unit apartment building.

  • Short-Term Rental / Airbnb: Extreme demand exists for medical-adjacent housing. This location is perfectly situated for:

    • Traveling nurses and medical residents.

    • Families of patients undergoing long-term care at St. Francis.

  • Corner Lot Utility: On-site parking and high visibility make this a premier site for residential tenants.

Following the leaseback period, the Multi-Family Zoning opens diverse exit strategies:

Investment highlights

Building Square Feet: 8,477 Sq Ft

Zoning: Multi-Family

Year Built: 1986

Lot Size: 0.21 Acres

PHASE 1: STABLE MEDICAL INVESTMENT

  • Surgery Suite: Equipped for outpatient procedures.

  • Clinical Flow: Efficient layout including multiple exam rooms, nurse stations, and administrative offices.

  • Physician Hub: Directly adjacent to Ascension Via Christi St. Francis, providing unmatched convenience for hospital-affiliated staff.

Utilize the current high-value medical build-out during the leaseback period:

PHASE 2: ADAPTIVE RE-USE POTENTIAL

  • Apartment Conversion: The 8,477 sq ft footprint is ideal for reconfiguring into a multi-unit apartment building.

  • Short-Term Rental / Airbnb: Extreme demand exists for medical-adjacent housing. This location is perfectly situated for:

    • Traveling nurses and medical residents.

    • Families of patients undergoing long-term care at St. Francis.

  • Corner Lot Utility: On-site parking and high visibility make this a premier site for residential tenants.

Following the leaseback period, the Multi-Family Zoning opens diverse exit strategies:

Listing Contacts

JS
Builders Inc.
Listed by Builders Inc.

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Additional Information

Name
Michael Garvey
License
00218524
Brokerage
Builders Inc.
Brokerage Phone
316-684-1400
Title
Broker of Record
Brokerage Address
1081 S Glendale St Wichita KS 67218
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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