Hoke Hotel 23 E 1st Ave 24 Room Hotel Hutchinson, KS 67501 For Sale

The Hoke Building offers a rare chance to acquire a historic landmark in the heart of Hutchinson’s revitalized downtown district. Built in 1910 and listed on the National Register, this 16,500 SF property combines architectural character with modern redevelopment potential. Approximately 30% of construction is complete, including structural work and utilities, paving the way for a seamless transition into a boutique hotel, multifamily lofts, or mixed-use concept.
Strategically positioned across from the iconic Fox Theatre and steps from the Hutchinson Farmers Market, the property benefits from steady foot traffic and proximity to over 20 restaurants, galleries, and entertainment venues. Hutchinson’s downtown renaissance, bolstered by multi-million-dollar streetscape improvements and a new amphitheater, creates a vibrant environment for hospitality and residential demand.
Investors can leverage up to 45% in transferable federal and state historic tax credits on $2 million in qualified rehabilitation expenses, alongside Opportunity Zone advantages and RHID tax reimbursement programs. City-approved architectural plans for a 23-suite boutique hotel with two retail/restaurant spaces provide flexibility for alternative layouts, including loft apartments or coworking hubs. With tourism drivers like the Kansas State Fair (328,000+ annual visitors) and Cosmosphere Space Museum, plus strong local employment sectors, The Hoke Building stands as a cornerstone investment with multiple exit strategies and immediate value capture.