Los Compadres building in northeast Wichita listed for $1.16M
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The future of a popular Mexican restaurant hangs in the balance as its building hits the market, but there may be hope for loyal patrons if new owners are open to negotiation.
Story Highlights Los Compadres Mexican Grill building in Wichita listed for $1.16 million.
Restaurant currently operates on month-to-month lease in the 6,648 square-foot building.
Property marketed as restaurant space or medical office by broker Troy Farha.
The building that hosts a local Mexican restaurant is up for sale in northeast Wichita.
The Los Compadres Mexican Grill building at 3213 N. Toben St. along K-96 and next to MainStay Suites, was listed for sale April 1. The 6,648 square-foot building has been listed on the market for $1.16 million.
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Troy Farha, vice president of retail and investments at NAI Martens, is the broker for the listing.
While the property has been listed for sale as a vacant building, Farha said Los Compadres is actively operating and a renegotiation deal with potential new owners is possible.
"If a buyer wanted to buy it with Los Compadres in there and they wanted to negotiate a new deal with them, that's a possibility as well," Farha said. "We are not advertising it as an income-producing investment type property, it would be for an owner, occupant, or even somebody who just wants to buy it and renegotiate a deal with Los Compadres."
Los Compadres, which Farha said is on a month-to-month lease, has been operating in the building west of Webb Road since 2018, as it took over from former tenant Jerseys Grill and Bar. Farha represented the building's owner, Mitch Lyon, at the time.
The restaurant's owner, Juan Carlos Renteria, and as many as 11 Hispanic-led restaurants, participated in a day-long protest that took place across the country called "A Day Without Immigrants." The protest was driven by a social media movement in response to President Donald Trump's immigration policies and aimed to highlight the contributions and significance of immigrants in the country.
Multiple attempts to reach Renteria were unsuccessful.
The east-side property is the remaining location for the Mexican restaurant, which closed its west location at 3827 W. 13th St. in 2020, according to its Facebook page.
Farha said the property is being marketed as a restaurant space or a medical office because of similar property types growing in the area.
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