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Value-Add Retail at Signalized Intersection 1555 S Broadway 14,490 SF Vacant Retail Building Online Auction Sale Wichita, KS 67211
Matterport 3D Tour
Investment Highlights
- Ideal opportunity for investors and owner/users to acquire an adaptable former Walgreens with a full build-out in Wichita, Kansas.
- Surrounded by a plethora of retailers drawing in consumers, such as Family Dollar, Dollar Tree, The Tire Store, Boost Mobile, and more.
- Flexible zoning that allows for a wide array of potential users, perfect for investors seeking a cash-flowing space or owner/users.
- Positioned for success at the intersection of E Harry Street and S Broadway, a highly trafficked location exposed to over 20,000 vehicles per day.
- Located just outside Downtown Wichita, with excellent access to major roads, including Interstate 135 connecting the site to all of Kansas.
- Area demographics bode well for buyers, thanks to a population on the rise and average household incomes in a 10-mile radius exceeding $86,000.
Executive Summary
Discover 1555 S Broadway in Wichita, Kansas, a vacant former Walgreens presenting a compelling retail investment opportunity. The property is currently dark, with the tenant paying some rent, but ownership is working on a lease buyout. Located on a prime signalized corner at Harry East Street, 1555 S Broadway offers exceptional visibility and long-term redevelopment or repositioning potential.
This 14,490-square-foot retail building, with a build-out for use as a drug store or standalone retail concept, is on a 1.45-acre lot with approximately 30 surface parking spaces. 1555 S Broadway features monument and building signage, a drive-thru pharmacy window for added convenience, and flexible zoning that allows for a wide variety of retail, service, or redevelopment uses, making it well-suited for investors seeking an adaptable retail asset in a strong urban corridor.
1555 S Broadway benefits from strong market fundamentals and high exposure, with traffic counts exceeding 20,000 vehicles per day and direct bus line access enhancing accessibility. Established national and regional retailers, including Family Dollar, Dollar Tree, The Tire Store, and Boost Mobile, surround the property. 1555 S Broadway is supported by a dense population of more than 482,909 residents within a 10-mile radius, with an average household income exceeding $86,000. The property's location near schools, churches, and the Kansas Firefighters Museum further reinforces consistent area activity and consumer demand, with proximity to Interstate 135 for enhanced access.
Wichita is widely recognized as a major economic hub with a strong foundation in manufacturing, innovation, and long-term job growth. The city is home to globally recognized aviation and aerospace industries, earning its designation as the Air Capital of the World. Wichita's central location provides access to Oklahoma City, Kansas City, and Denver, making this retail property for sale in Wichita an attractive option for investors seeking a well-located asset with visibility, scale, and future upside potential.
Property tours are by appointment only. Please contact the listing broker to schedule.
This 14,490-square-foot retail building, with a build-out for use as a drug store or standalone retail concept, is on a 1.45-acre lot with approximately 30 surface parking spaces. 1555 S Broadway features monument and building signage, a drive-thru pharmacy window for added convenience, and flexible zoning that allows for a wide variety of retail, service, or redevelopment uses, making it well-suited for investors seeking an adaptable retail asset in a strong urban corridor.
1555 S Broadway benefits from strong market fundamentals and high exposure, with traffic counts exceeding 20,000 vehicles per day and direct bus line access enhancing accessibility. Established national and regional retailers, including Family Dollar, Dollar Tree, The Tire Store, and Boost Mobile, surround the property. 1555 S Broadway is supported by a dense population of more than 482,909 residents within a 10-mile radius, with an average household income exceeding $86,000. The property's location near schools, churches, and the Kansas Firefighters Museum further reinforces consistent area activity and consumer demand, with proximity to Interstate 135 for enhanced access.
Wichita is widely recognized as a major economic hub with a strong foundation in manufacturing, innovation, and long-term job growth. The city is home to globally recognized aviation and aerospace industries, earning its designation as the Air Capital of the World. Wichita's central location provides access to Oklahoma City, Kansas City, and Denver, making this retail property for sale in Wichita an attractive option for investors seeking a well-located asset with visibility, scale, and future upside potential.
Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tour
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Matterport 3D Tour
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Street
Map
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.45 AC
Opportunity Zone
Yes
Parcel Number
129-29-0-44-08-015.00
Zoning
LC
Parking
30 Spaces (2.07 Spaces per 1,000 SF Leased)
Frontage
145’ on S Broadway
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
13,846
105,600
231,140
2020 Population
11,970
98,023
216,190
2030 Population
14,547
109,441
239,181
2025-2030 Projected Population Growth
5.1%
3.6%
3.5%
Daytime Employees
4,355
80,094
154,588
Total Businesses
458
7,885
13,539
Average Household Income
$52,248
$58,518
$62,681
Median Household Income
$43,049
$45,681
$49,024
Total Consumer Spending
$120.6M
$1B
$2.2B
Median Age
36.2
36.1
35.5
2025 Households
5,635
43,803
93,572
Percent College Degree or Above
7%
10%
11%
Average Home Value
$106,355
$143,187
$163,814
$ values in USD
Sale Advisor
Sale Advisor
Michael Marzinske, Senior Director
Mike focuses on the acquisition & disposition of Single Tenant Net-Leased as well as Multi-Tenant retail property here in Minnesota and across the country.
Mike is a member of The Minnesota Shopping Center Association (MSCA) and The International Council of Shopping Centers (ICSC).
Prior to joining Encore, Mike started his brokerage career at Marcus & Millichap in 2011 and became one of the Minneapolis office’s top producing retail agents. Mike has closed over 35 transactions with a total property value approaching $100M.
Mike is a member of The Minnesota Shopping Center Association (MSCA) and The International Council of Shopping Centers (ICSC).
Prior to joining Encore, Mike started his brokerage career at Marcus & Millichap in 2011 and became one of the Minneapolis office’s top producing retail agents. Mike has closed over 35 transactions with a total property value approaching $100M.
About the Auction Technology
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Auction Contact
Pace Zambito
Contact
Auctioneer License:
Ten-X, Inc. Arlene Richardson RE Brkr CO00002437
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Value-Add Retail at Signalized Intersection | 1555 S Broadway
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Value-Add Retail at Signalized Intersection | 1555 S Broadway
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