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Union Station Campus 
701 E Douglas
Wichita, KS 67202
County: Sedgwick
 
Steven Martens
(316) 262-0000
(316) 262-0000
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  For Sale Active  
Property Use Type:Vacant/Owner-User
Type:Special Purpose
Special Purpose (Other)
Building Size:111,145 SF
Lot Size:9.40 Acres
Price:$6,420,000
Price/SF:$57.76
Date Last Verified:7/28/2008
Property ID:15595510
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 Additional Information 

Property Description:
This historic Wichita redevelopment portfolio consists of four contiguous properties situated on approximately 9.4 acres. The historic campus includes the 75,000 sf Union Station, the 6,400 sf Rock Island depot, the baggage building and the 27,600 sf former Grand Hotel.

The Union Station was most recently occupied by Cox Communications as its Kansas headquarters. The Rock Island depot is currently leased to Martini' s Steakhouse, the baggage building is occupied by Cox, and the former Grand Hotel has been renovated as an office building.

Location Description:
The Union Station Campus is located adjacent to the vibrant Old Town District and the new 15,000 seat downtown arena, which will open January 2010. Old Town is a collection of converted brick warehouses, circa 1870-1930, with native limestone accents and distinctive architectural features. The district has more than 100 restaurants, shops, clubs, theaters, galleries, museums, businesses and two hotels.

Property Types:Special Purpose (Other)
Commercial/Other (land)
Full Service
Retail (Other)
 Highlights 
Eligible for historic tax creditsExcess land for parking or additional development
 
Adjacent to Old Town and the new downtown arenaPerfect for mixed-use redevelopment
 
Property within walking distance to the river and river-front developmentLocal government is contributing $6.8 million plus in area infrastructure improvements

3/4/2008
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 
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