Mixed-Use Building with Corner
New
For Sale
$850,000
1809 Minnesota Avenue, Kansas City, KS 66102
Standalone brick property combines pawn retail, dance studio, and office configurations.
Property Size6,184 SF
Price / SF$137.45
Days on Market2
Property Features for 1809 Minnesota Avenue
General Information
Standard status
Active
Size
6,184 SF
Property subtype
Business Opportunity
Zoning
KM2
Site & Location
Corner Location
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Floor
Second Floor
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$14,438
Building Details
Year Built
1930
Buildings
1
Stories
2
Building Size
6,184 SF
Construction
brick
Listing Agency:
Lynch Real Estate
(913) 369-3000
Listed By:
Dan Lynch · License #BR00053988
(913) 369-3000
Source:
Coloniallistings
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 5 at 5:44AM
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 Lynch Real Estate
Investment Insights
Based on property information with market context.
Built in 1930, this 6,184-square-foot standalone brick building is arranged for several commercial functions. The main floor contains an operating pawn shop and a dance studio, while the upper level is configured for office use. The property was remodeled approximately eight years ago, with piering work and replacement of second-floor floor joists included among the structural updates.
Positioned at the corner of Minnesota Avenue in Kansas City, KS, the property offers a large parking area and strong traffic exposure. Six BPU electric meters and one water meter support flexible occupancy arrangements. The KM2 zoning designation applies to the site, and apartment conversion of the second floor may be considered subject to buyer verification and required approvals.
Positioned at the corner of Minnesota Avenue in Kansas City, KS, the property offers a large parking area and strong traffic exposure. Six BPU electric meters and one water meter support flexible occupancy arrangements. The KM2 zoning designation applies to the site, and apartment conversion of the second floor may be considered subject to buyer verification and required approvals.
Key Highlights
- 6,184‑square‑foot standalone brick building
- Operating pawn shop and dance studio on the main level
- Second floor configured as office space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.3k | $18.00 |
| − Vacancy | −$29.3k | −$4.73 |
| EGI | $82.0k | $13.27 |
| − OpEx | −$20.5k | −$3.32 |
| NOI | $61.5k | $9.95 |
6,184 SF · lease $18.00/SF/yr · vacancy 26.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$879.0K
$769.1K – $1.03M
NOI $61,528 @ 7.0% cap · market cap 7.24%
Second Best
Retail
$854.0K
$747.2K – $996.3K
NOI $59,779 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$1.02M
$896.5K – $1.20M
NOI $71,716 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 66102, KS
30,730
Population
11,481
Households
2.7
Avg Household Size
31
Median Age
12%
College-Educated
71%
High-School Grad
11.5 sq mi
ZIP Area
2,672
Density / Sq Mi
$52,218
Median Household Income
$31,913
Median Earnings
$1,020
Median Rent
$105,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Standalone brick property combines pawn retail, dance studio, and office configurations.
Where is this mixed-use property located?
The property is located at 1809 Minnesota Avenue Kansas City, KS.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 6,184‑square‑foot standalone brick building; Operating pawn shop and dance studio on the main level; Second floor configured as office space
