The Commodore Apartments 222 E Elm St 94 Unit Apartment Building For Sale Wichita, KS 67214
INVESTMENT HIGHLIGHTS
- Downtown Location
- Upside Potential
- Historical Building
EXECUTIVE SUMMARY
A Wichita landmark since 1929, The Commodore at 222 East Elm Street is stepping into a new chapter. Designed by pioneering architect Nelle Elizabeth Peters, this historic nine-story building blends timeless elegance with modern opportunity. Featuring preserved architectural details, an opulent lobby, and its iconic red neon sign shining once again, The Commodore offers a unique commercial space in a setting rich with history. Stay tuned for what’s next at this one-of-a-kind destination.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 94 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Construction Status | Under Renovation |
| Building Size | 47,752 SF |
| No. Stories | 9 |
| Year Built/Renovated | 1929/2025 |
| Parking Ratio | 0.84/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | GC - General Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Vintage Building
- Elevator
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 65 | - | 435 |
| 1+1 | 28 | - | 625 - 650 |
| 2+1 | 1 | - | 700 |
1 of 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 124-17-0-44-07-011.00 | Total Assessment | $145,364 (2023) |
| Land Assessment | $2,611 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $142,753 (2023) | Tax Year | 2025 |
