DISCLAIMER
The information contained in this offering memorandum is confidential and is furnished solely for the purpose of review by a prospective purchaser.
The material contained herein is based in part upon information supplied by the Owner and in part upon information obtained by NAI Martens from sources deemed reliable. This offering contains selected information pertaining to the Property and does not purport to be all inclusive.
No warranty of representation, expressed or implied, is made by Owner, NAI Martens, or any of their respective affiliates, as to the accuracy of completeness of the information contained herein and same may be subject to errors, omissions, change of price, rental or other conditions prior to sale or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
By receipt of this memorandum, you agree that this Offering and its contents are of a confidential nature and you will not disclose this Offering or any of its contents to any other entity without the prior written authorization of Owner or NAI Martens. Additionally, recipients should refrain from contacting any building tenants without owner approval.
Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the feasibility of purchasing the property described herein.
WICHITA, KANSAS
LOCATION OVERVIEW
Quality of life and livability impacts not only the attitude and productivity of the existing work force, but also the ability of employers to recruit and retain key personnel. Wichita also possesses what many larger metros lack - affordability, short and easy commuting and a high degree of public safety. Money Magazine listed Wichita as one of the Best Big Cities in the Nation to Live, and Kiplinger’s listed Wichita as one of the Top 40 Places to Live Among Cities that are Fun, Vibrant and Affordable. Thrillest named Wichita One of the Coolest Cities in America, and Smart Asset ranked Wichita in it’s Top 10 Cities for the Best Work-Life Balance.
DEMOGRAPHICS | WICHITA, KANSAS MSA
654,035
37 MEDIAN AGE 330,814 TOTAL POPULATION
$60,539 MEDIAN HOUSEHOLD INCOME
WICHITA IS HOME TO 17 UNIVERSITIES & TECHNICAL COLLEGES CONTRIBUTING TO A PIPELINE OF ALMOST 100,000 STUDENTS
#3 ENGINEERING HUB IN THE NATION BEHIND ONLY SILICON VALLEY & HOUSTON, TX
12% BELOW AVERAGE COST OF LIVING & #4 BEST VALUE CITY FOR RAISING A FAMILY
AIR CAPITAL OF THE WORLD - 35% OF ALL GENERAL AVIATION PLANES BUILT IN THE US ARE BUILT IN KANSAS PLUS, IT’S HOME TO MAJOR COMPANIES LIKE BOMBARDIER & AIRBUS.
THE REGION’S CENTRAL LOCATION GIVES DIRECT ACCESS TO BOTH COASTS, CANADA & MEXICO. THREE MAJOR RAIL CARRIERS SERVICE THE REGION.
KOCH INDUSTRIES INC. & CARGILL PROTEIN ARE THE TWO LARGEST PRIVATELY HELD COMPANIES IN THE US & BOTH HEADQUARTERED IN WICHITA.
SOURCE: GREATER WICHITA PARTNERSHIP
Wichita Biomedical Campus
Property Summary
CENTURY PLAZA
Property Description
Century Plaza is a ten-story office building totaling approximately 137,432 square feet, located at a prime intersection in downtown Wichita. Built in 1928, the structure offers strong potential for adaptive reuse, particularly for residential redevelopment. Its compact floor plates, vertical design, and centralized location align well with current trends in urban multifamily conversion.
Just 1,000 feet to the east, the $300 million Wichita Biomedical Campus is currently under construction, bringing thousands of students, faculty, and healthcare professionals into the immediate area. The development is expected to generate consistent activity and increase demand for nearby housing.
Market studies identify a significant shortfall in apartment supply across the downtown district, with demand projected for more than 5,000 new units. Century Plaza’s walkable access to institutional anchors, cultural venues, and city amenities positions it as a compelling redevelopment opportunity in the heart of Wichita’s revitalization zone.
Development 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.
Property Overview
Listing Price: $6,000,000
Gross SQ/FT: 137,432
Lot Size: .34 Acres
Year Built/Renovated: 1928 /-
Price Per SQ/FT: $43.66
WICHITA BIOMEDICAL CAMPUS
Transformational Development Next Door
The Wichita Biomedical Campus is a new, 471,000-square-foot facility under construction in the heart of downtown Wichita. Backed by Wichita State University, the University of Kansas, and WSU Tech, this $300 million project will serve as a centralized hub for health sciences education, training, and research. Located just 1,000 feet from Century Plaza, the campus is expected to bring over 3,000 students and 200 faculty and staff into the immediate area upon its phased opening in late 2026.
Designed as an eight-story vertical campus, the facility will house simulation labs, advanced classrooms, clinical training areas, and collaborative student spaces. The development addresses a region-wide shortage of healthcare professionals while generating significant yearround foot traffic and economic activity in the surrounding district.
This campus represents a long-term institutional investment in the heart of the city, designed to anchor Wichita’s growing health sciences ecosystem. Its central location and concentrated student presence will bring demand for housing, retail, and support services in the immediate area. The development is expected to drive meaningful foot traffic and create a strong foundation for further growth in the surrounding downtown district. 8
