Century Plaza

111 W Douglas Ave Wichita, KS 67202

Wichita
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$6,000,000
Last Verified:
Jul 01, 2025

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Highlights

  • One of the last major redevelopment opportunities for downtown Wichita
  • Surrounded by $1.7 Billion of completed redevelopment since 2010 and $760 million in planned/in-process development
  • Prime location at Douglas and Main Street
  • Opportunity to own a landmark building in downtown Wichita.

Description

Century Plaza is a 10-story, 137,432-square-foot vacant office building in the heart of downtown Wichita. Constructed in 1928, the property is well-suited for multifamily conversion, featuring efficient floor plates, historic architecture, and proximity to major downtown investments. Located just 1,000 feet from the $300 million Wichita Biomedical Campus and adjacent to the planned $400 million Century II redevelopment, Century Plaza offers a rare opportunity to reposition a legacy asset in one of Wichita’s most active growth corridors. The property includes a 0.34-acre lot with 70 surface parking stalls (leased from the City) and may qualify for historic tax credits.

Century Plaza is located in the heart of downtown Wichita at Douglas and Main, surrounded by major public investments and redevelopment activity. The property is just 1,000 feet from the new $300 million Wichita Biomedical Campus and adjacent to the proposed $400 million Century II renovation. This highly walkable area offers immediate access to restaurants, entertainment, government offices, and public transit—positioning Century Plaza at the center of Wichita’s ongoing downtown revitalization.


Year Built: 1928
Building Size: 137432sq ft
Building Class: B
Lot Size: 0.34 acres


Documents

Century Plaza OM (Final).pdf

Map of 111 W Douglas Ave, Wichita, KS, 67202

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.