Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    708 Minnesota Avenue Kansas City, KS 66101

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $325,000

    Iconic building with versatile space in a prime downtown location.

    Type:Commercial/Industrial
    Property size:
    45,000 SF
    Lot size:
    0.49 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    18
    Last Refresh:
    Mar 26 at 12:04 am

    Property Features for 708 Minnesota Avenue

    General Information

    Standard status
    Active
    Size
    45,000 SF
    Lot size
    0.49 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    Kevin Kowalik

    Listing agent Kevin Kowalik License #00250005

    Listing office Cascade Financial Investments

    Listing date Mar 16, 2026

    Source Exitrealty

    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 Cascade Financial Investments

    Overview

    Downtown Mixed-Use Building For Sale

    This iconic former downtown department store, known as The Pylon Plaza, offers versatile space with immense potential. The building has 45,000 total square feet across two stories plus a full basement, with each floor offering 15,000 square feet. The main level has been partially converted to office space. The property is positioned for businesses seeking a prime downtown location with ample space and flexibility, making it ideal for a wide range of business uses.
    Location Intelligence

    Current Use by Public Records

    Lucky Chopsticks Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.627132
    Latitude
    39.115345

    Nearby Similar for Sale

    • $374,999

      Industrial Yard Near Railroad

      Half acre corner industrial yard near railroad and major highways.
      1007 25 Street, Kansas City, KS 66106
      View Details
    • $485,000

      Fenced Lot with Shop Building

      One-acre lot with office, shop, and lift; M-3 zoning.
      2450 Cheyenne Street, Kansas City, KS 66106
      View Details
    • $3,500,000

      Renovated Truck Shop on 2.13 Acres

      Renovated 9,820 sq ft truck shop with fenced yard.
      336 S 42nd Street, Kansas City, KS 66106
      View Details
    • $500,000

      Income-Producing Duplex Near Legends District

      Duplex in growing area near attractions with income potential.
      11123 - 11125 Leavenworth Road, Kansas City, KS 66109
      View Details
    • $515,000

      Remodeled Duplex Near The Legends

      Totally remodeled duplex with income potential near The Legends.
      3301-3303 N 103rd Terrace, Kansas City, KS 66109
      View Details
    • $350,000

      Versatile Commercial Property on Washington Blvd

      Three-unit commercial property suitable for various business types.
      1645 Washington Boulevard, Kansas City, KS 66102
      View Details
    • $350,000

      Commercial Property with Remodeled Retail

      Commercial property featuring remodeled retail space and multiple potential uses.
      7502 Nebraska Avenue, Kansas City, KS 66112
      View Details
    • $250,000

      Versatile Commercial Building in Kansas

      Two-story commercial building with gated parking and tenant income.
      413 Kansas Avenue, Kansas City, KS 66105
      View Details
    • $250,000

      Free-Standing Office Building Opportunity

      Office building in high-demand area with adaptable floor plans.
      1977 N 77th Street, Kansas City, KS 66112
      View Details
    • $350,000

      Mixed-Use Investment Opportunity

      Commercial investment with residential units and redevelopment potential.
      1306 Wood Avenue, Kansas City, KS 66104
      View Details
    • $300,000

      Kansas City Acreage For Sale

      4.3 acres with road frontage near businesses in Kansas City.
      2600 N 109 Street, Kansas City, KS 66109
      View Details
    • $325,000

      Renovated Fourplex in Kansas City

      Turnkey, fully occupied fourplex with modern upgrades and cash flow.
      844 Washington Boulevard, Kansas City, KS 66101
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Iconic building with versatile space in a prime downtown location.
    Where is this mixed-use property located?
    The property is located at 708 Minnesota Avenue Kansas City, KS.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Prime downtown location ideal for businesses.; 45,000 total square feet of versatile space.; Two stories plus a full basement, with 15,000 square feet per floor.
    (913) 439-8790
    We can help!
    Listing Contact
    Kevin Kowalik
    Real Estate License ID: 00250005
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!