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Listed by Marti Vo • Nikkel and Associates
$900,000
Est. payment /mo
9.4 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID SCK671908
Year Built 1971
Annual Tax Amount $7,357
Tax Year 2025
Lot Size 9.400 Acres
Acres 9.4
Property Sub-Type Business
Source sckansas
Land Area 1895900
Property Description
Prime multi-unit investment opportunity on nearly 10 acres in Douglass, KS. This property features 11 fully remodeled and occupied units, each updated within the last 18–24 months, plus a turnkey 2,000 sq ft restaurant generating additional income. An estimated 8 more units are ready for remodel, with infrastructure in place to expand up to 9 additional 1- or 2-bedroom apartments depending on configuration. Originally a nursing facility, the building has been thoughtfully converted into single-unit apartments—an improvement strongly supported by the City of Douglass due to ongoing housing demand from BNSF employees, retirees, and Wichita commuters. Current monthly income exceeds $10,700, with projected income approaching $20,000/month once the remaining units are completed. The 9.4-acre site offers multiple development paths. The northern 4 acres along Hwy 77 are ideal for storage units, garages, or additional multifamily. The west side borders a new city-developed fishing pond and walking trail, enhancing long-term desirability. Additional acreage along Elm Street provides room for single-family homes or duplexes. The property may qualify for long-term tax abatement and grant incentives for residential development. Located just 15–20 minutes from Wichita, this property delivers stable cash flow today with substantial upside for expansion. Offered at $900,000, this is a rare chance to acquire a cash-flowing asset with development potential in a pro-growth community.
Location
State KS
County Butler
Area 1895900
Zoning See Remarks
Direction Highway 77 in Douglass KS
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet, Other
Fireplace No
Heat Source Forced Air
Exterior
Garage Description Parking Lot, Paved
Utilities Available Natural Gas Available, Electricity Available
View Y/N Yes
Roof Type Composition
Street Surface Highway
Building
Story 1
Structure Type Brick,Frame
Others
Miscellaneous Fire Alarm
Acceptable Financing Other - See Remarks
Listing Terms Other - See Remarks
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