Key Features: ~30% construction complete toward 23-suite boutique hotel City-approved stamped architectural plans Adjacent dedicated parking lot on E Sherman Street Eligible for ~$900K Federal + ~$1.1M Kansas State historic tax credits (45% total) Located in Qualified Opportunity Zone Directly across from Historic Fox Theatre RHID eligible for potential 15-20 years property tax reimbursement Location Highlights: Heart of downtown Hutchinson's revitalized district Walking distance to 20+ restaurants, breweries, Fox Theatre Near Kansas State Fairgrounds (328,000+ annual visitors) Close to Cosmosphere Space Museum (150-200K annual visitors) Downtown fiber broadband district Development Options: Complete 23-key boutique hotel with rooftop bar Convert to 22-26 loft apartments (~$1.45/SF monthly market rate) Mixed-use: residential over street-level retail/coworking Short-term rental + coworking hybrid Financial Incentives: Historic tax credits on ~$2M qualified rehabilitation expenses Opportunity Zone benefits (defer capital gains until 2026, eliminate on 10+ year hold) Potential RHID property tax reimbursement for multifamily conversion Investment Highlights Triple-Stack Investment Benefits: Historic Tax Credits: Up to 45% on qualified expenses (~$2M total) Opportunity Zone: Capital gains deferral + elimination potential RHID Eligibility: 15-20 year property tax reimbursement option Market Position: Downtown Hutchinson is experiencing multi-million dollar public investment in streetscape improvements, new amphitheater, and mixed-use development. The Hoke Building sits at the epicenter of this renaissance. Tourism & Economic Drivers: Kansas State Fair: 328,000+ annual visitors Cosmosphere Space Museum: 150-200K annual tickets Healthcare hub: Hutchinson Regional Medical Center Advanced manufacturing: Siemens Gamesa nacelle plant Population: ~39,431 residents, $58,801 median household income