Riverside Airport in northwest Wichita, which has been has been run by the Sanders family since it began operations in 1953, is going up for auction in June.
Tom Sanders, who was the main operator of the 200-acre airport, died in January 2009.
The family has been keeping it going since his death, but "none of us are really in a position to take it over," said Tom Sanders III.
His dad was an architect by trade but loved to fly and restore airplanes, he said.
"He just loved the social interaction, the pilots and talking about airplanes," Sanders said.
His mother, Virginia Sanders, and an aunt, Susan Sanders, are the airport's owners, he said.
The auction will take place at noon on June 3 at the airport.
Marketing has not yet begun, but the property has already gotten interest, said McCurdy Auction associate broker Braden McCurdy, who is handling the sale.
An owner could retain it as an airport, develop the land, or do both, McCurdy said.
"It is in that path of progress," McCurdy said.
The property at 3520 N. Hoover Road includes four hangars with 52 stalls for aircraft, an office, a private hangar, a maintenance hangar and a mobile home rented to a tenant.
A 5.5-acre parcel of land, which includes an abandoned farmhouse, will be auctioned separately. It is zoned for light commercial.
"It would certainly be great if somebody did buy it and keep it as an airport," Sanders said. "I know the family would feel great about that."