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    101 W 22nd St Unit 100, Kansas City, MO 64108

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    Full-service Italian restaurant in historic Freight House building.

    Type:Mixed Use, Retail, Special Purpose
    Property size:
    11,847 SF
    Lot size:
    0.32 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    70
    Last Refresh:
    Mar 16 at 1:42 pm

    Property Features for 101 W 22nd St Unit 100

    General Information

    Standard status
    Active
    Size
    11,847 SF
    Lot size
    0.32 Acres
    Property subtype
    Mixed Use, Retail, Special Purpose

    We can help!

    Listing Contact
    Bob Galamba
    Bob Galamba

    Listing agent Bob Galamba License #KS BR00030401

    Listing office Colliers - Kansas City, Missouri

    Listing date Mar 3, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Kansas City, Missouri

    HighLights

    • Award‑winning Italian restaurant (Lidia's) established by celebrity chef Lidia Bastianich.
    • Located in the Historic Freight House building in the Crossroads Art District, near Union Station.
    • Full‑service restaurant and banquet facility with 11,847 SF of gross building area.
    • Part of a condominium unit with 14,129 SF of land and a 37.96% undivided interest in the common area.
    • Located within a building that also houses two other award‑winning restaurants (Fiorella's Jack Stack Barbecue and Grunauer).
    • Building renovated throughout 1996‑1998.

    Overview

    The property is an 11,847 square foot full-service Italian restaurant condominium unit, located at 101 W. 22nd Street, Unit 100, in Kansas City, Missouri. The property is located within the Historic Freight House building, just north of Union Station and part of the Crossroads Art District. The Freight House building was renovated throughout 1996-1998 and platted into three condominium units. The building's improvements contain approximately 11,847 square feet of gross building area, including basement, first and second floors. The offering consists of Unit 100, along with 14,129 square feet of land and a proportionate undivided interest in the common area (37.96%).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prestige Auto Transport Trucking Company ChargePoint Charging Station Electric Vehicle Charging Station Top Hill Marketing ... Marketing & Advertising Lidia’s Restaurant Jack Stack Barbecue ... Restaurant

    Suggested Use

    Real Estate Agency Spa & Massage Center Hair Salon Restaurant Nail Salon Dental Office Daycare Center Building Supply Accounting Firm Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Pardo's Restaurant — 904 Southwest Blvd, Kansas City, MO 64108

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.5850474
    Latitude
    39.0873379

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    FAQs

    What type of property is this?
    Conventional restaurant - Full-service Italian restaurant in historic Freight House building.
    Where is this conventional restaurant located?
    The property is located at 101 W 22nd St Unit 100 Kansas City, MO.
    What are key features of this property?
    This property features: Award‑winning Italian restaurant (Lidia's) established by celebrity chef Lidia Bastianich.; Located in the Historic Freight House building in the Crossroads Art District, near Union Station.; Full‑service restaurant and banquet facility with 11,847 SF of gross building area.
    (816) 556-1152 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bob Galamba
    Bob Galamba
    Real Estate License ID: KS BR00030401
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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