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    8 SW 3Rd St Lees Summit, MO 64063

    For Sale
    $650,000

    Mixed-use building in downtown Lee's Summit with income potential.

    Property size:
    1,740 SF
    Lot size:
    0.03 Acres

    Property Features for 8 SW 3Rd St

    General Information

    Size
    1,740 SF
    Lot size
    0.03 Acres

    Source: Kessinger Hunter Commercial Real Estate Agent Kobi Mashnouk

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

    Overview

    Downtown Lee's Summit Mixed-Use Building

    This mixed-use building is located in the heart of downtown Lee's Summit. The property offers a stabilized income stream, with residential rents currently below market value, presenting an opportunity for increased revenue. The building is situated in a high-visibility and high-demand area of downtown Lee's Summit, within a walkable core that features historic retail and apartment spaces. The property encompasses a total area of 1,740 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Team Cocktail Boutique

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lees Summit
    County
    Cass
    State
    Missouri
    Longitude
    -94.3784064
    Latitude
    38.9117703

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in downtown Lee's Summit with income potential.
    Where is this mixed-use property located?
    The property is located at 8 SW 3Rd St Lees Summit, MO.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Prime mixed-use building; - Heart of Downtown Lee's Summit location; - Stabilized income
    (816) 842-2690
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    8 SW 3Rd St Lees Summit, MO 64063
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