1100 N Tokeka St 8,477 SF Office Building Wichita, KS 67214 $1,060,000 ($125.04/SF)

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