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    150 Hwy & 291 Hwy Lee's Summit, MO 64063

    Sponsored
    For Sale
    Contact for pricing

    Prime 3-acre commercial lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3-acre mixed-use land parcel presents a remarkable investment opportunity in one of Lee's Summit, Missouri's fastest-growing areas. Located at the intersection of Highway 150 and Highway 291 in Jackson County, this property boasts tremendous visibility and frontage along Highway 150, ensuring high traffic exposure for any commercial venture. The land is master-planned for commercial development and is ideally suited for a variety of uses, including restaurants, banks, and retail establishments. Pad sites are available, and the owner is willing to divide the property to accommodate different development needs. All utilities are readily available on-site, simplifying the development process. This strategic location offers significant advantages, with its proximity to planned major retail developments to both the north and south, creating a synergistic environment for increased customer traffic and business growth. The land is priced at $10 per square foot, representing a compelling value proposition given its prime location and development potential. The zip code is 64063. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a thriving market.

    Property Features for 150 Hwy & 291 Hwy

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • Pad sites available.
    • Approximately 3 acres available (will divide).
    • Excellent location for restaurants, banks, and retail.
    • Located in one of Lee's Summit's fastest‑growing areas.
    • High visibility and frontage along Highway 150.
    • All utilities on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lee's Summit
    County
    Jackson
    State
    Missouri
    Longitude
    -94.3630049
    Latitude
    38.9042221

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    FAQs

    What type of property is this?
    Land - Prime 3-acre commercial lot, high visibility.
    Where is this land located?
    The property is located at 150 Hwy & 291 Hwy Lee's Summit, MO.
    What are key features of this property?
    This property features: Pad sites available.; Approximately 3 acres available (will divide).; Excellent location for restaurants, banks, and retail.
    Request Owner's contact information
    150 Hwy & 291 Hwy Lee's Summit, MO 64063
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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
    150 Hwy & 291 Hwy Lee's Summit, MO 64063
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