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    1523 W 89Th St Kansas City, MO 64114

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    For Sale
    Contact for pricing

    Entertainment property with strong performance and future development potential.

    Lot size:
    2.19 Acres

    Property Features for 1523 W 89Th St

    General Information

    Lot size
    2.19 Acres

    Source: John Andreini Agent John Andreini

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

    Overview

    Kansas City Entertainment Property For Sale

    This property features over 4 years remaining on an absolute net lease, with 2.5% annual rental increases during the base term and 3% annual increases throughout the option period. The location is adjacent to Ward Parkway Center, a shopping center with over 550,000 square feet and 6.2 million annual visitors, ranking in the top 2% of Missouri shopping centers. The landlord retains an early termination right for future development. The unit demonstrates strong performance. The current rent is below market at $8.78 per square foot. In Missouri, the property ranks in the top 9% of attractions and the top 10% of leisure properties nationwide based on annual visits. The tenant operates a full bar with a 1 am liquor license and recently installed a new scoring and gaming system. The surrounding residential area is affluent, with average household incomes of $154,000 within a 1-mile radius.
    Insight Report Location Intelligence

    Current Use by Public Records

    Custom Bowling Services Bowling Supply Shop Ward Parkway Lanes Bowling Alley

    Suggested Use

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

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

    Similar Places Nearby

    Branches & Twigs Floral

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.6067038
    Latitude
    38.9666251

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    FAQs

    What type of property is this?
    Storefront property - Entertainment property with strong performance and future development potential.
    Where is this storefront property located?
    The property is located at 1523 W 89Th St Kansas City, MO.
    What are key features of this property?
    This property features: - Located in an affluent area with high average household incomes.; - Adjacent to Ward Parkway Center, a high-traffic shopping center (top 2% in Missouri).; - Absolute net lease with 4+ years remaining.
    (415) 274-2715
    Request Owner's contact information
    1523 W 89Th St Kansas City, MO 64114
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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
    1523 W 89Th St Kansas City, MO 64114
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