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Historic Mixed-Use Building
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500 Walnut Street, Kansas City, MO 64106

Office and retail occupancy combines with vacant upper-floor space in a historic urban property.

Property Size37,183 SF
Days on Market17

Property Features for 500 Walnut Street

General Information

Standard status Active
Size 37,183 SF
Class A
Total Parking Spaces 26
Property subtype Retail, Office
Occupancy 71%
Lease Type Modified Gross
Investment Type Owner/User

Additional Details

Public Transit Yes

Building Details

Year Built 1926
Buildings 1
Tenancy Multi
Building Size 37,183 SF
Listing Agency: Midwest CRE Advisors, LLC
Listed By: Logan Freeman · License #2017044342
Source: Crexi
Added: Aug 18 Changed: Sep 2 Last Checked: Sep 1 at 1:05AM

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 Midwest CRE Advisors, LLC

Investment Insights

Based on property information with market context.

Built in 1926, this 37,183-square-foot mixed-use property combines office and retail space within a historic building. Established tenants occupy portions of the asset, while approximately 10,600 square feet of third-floor office space is vacant and available for lease-up. The existing configuration provides both occupied commercial space and additional office capacity within the same property.

The building is located at 500 Walnut Street in Kansas City’s River Market, directly along the KC Streetcar line and near City Market. The surrounding district has more than $1 billion in public and private development underway or completed, adding substantial investment activity to the area. Long-term tenant commitments and the property’s historic character complement its office and retail composition.

Key Highlights

  • 37,183‑square‑foot mixed‑use property built in 1926
  • Approximately 10,600 square feet of vacant third‑floor office space
  • Established office and retail tenants occupy portions of the building

Property Analytics

Current Use

Opera House Bakery Bakery River Market Roasting ... Cafe & Coffee Shop RMCA Micro-Mobility Hub ... Bicycle Rack Opera House Coffee ... Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Butcher Mobile Phone Store Carpet & Flooring Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,860
Businesses Nearby

Demographics for 64106, MO

10,017
Population
5,998
Households
1.7
Avg Household Size
31
Median Age
46%
College-Educated
91%
High-School Grad
1.6 sq mi
ZIP Area
6,261
Density / Sq Mi
$57,680
Median Household Income
$45,060
Median Earnings
$1,188
Median Rent
$220,900
Median Home Value

Market

Vacancy Rate% for Office in Kansas City, MO

13.7% 2019
15.9% 2020
18.4% 2021
20.8% 2022
22% 2023
21.4% 2024
19.7% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Office and retail occupancy combines with vacant upper-floor space in a historic urban property.
Where is this mixed-use property located?
The property is located at 500 Walnut Street Kansas City, MO.
What are key features of this property?
This property features: 37,183‑square‑foot mixed‑use property built in 1926; Approximately 10,600 square feet of vacant third‑floor office space; Established office and retail tenants occupy portions of the building
More about this property
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