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    1018 Missouri Ave Kansas City, MO 64106

    For Sale
    $1,799,000

    Prime 3-story building, renovation underway

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3-story brick and stone building, constructed in 1910, presents a unique investment opportunity in Kansas City, Missouri's vibrant North End neighborhood. Located at 1018 E Missouri Avenue, this property boasts approximately 142 feet of frontage on E Missouri Avenue, 40 feet on Gillis Street, and a 60-foot alleyway. Currently undergoing renovations with permits already secured, a general contractor is available to complete the project through the sale. The existing structure includes a garden level and basement. Proposed plans envision a 7-unit apartment building, but the property's versatility allows for conversion into a mixed-use development, incorporating residential units and storefronts catering to neighborhood businesses. The property includes attached green space, offering additional development potential. This prime location offers excellent access to major highways, including I-35, I-49, I-70, Hwy 9, Hwy 24, and Hwy 71. The area is experiencing significant revitalization, with new mixed-use developments and planned infrastructure improvements, such as a riverfront KC Streetcar extension and a women's soccer stadium (opening in 2024). The proposed Royals Stadium is also just minutes away. The property's proximity to established businesses like Garozzo's Ristorante and Happy Gillis further enhances its appeal. This is an ideal investment for those seeking a high-growth area with strong potential for future appreciation. The asking price is $1,799,000.

    Property Features for 1018 Missouri Ave

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1910
    Stories
    3

    HighLights

    • Exceptional 3‑story brick & stone building in Kansas City's North End, built in 1910.
    • 142' frontage on E Missouri Ave, 40' on Gillis St, 60' alley access.
    • Under renovation with permits secured; general contractor available to complete.
    • Proposed 7‑unit apartment building; adaptable for mixed‑use development.
    • Includes attached green space; excellent access to major highways (I‑35, I‑49, I‑70, Hwy 9, 24, 71).
    • High‑growth area with revitalization, including planned KC Streetcar extension and stadium.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5712957
    Latitude
    39.1097293

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    FAQs

    What type of property is this?
    Specialty property - Prime 3-story building, renovation underway
    Where is this specialty property located?
    The property is located at 1018 Missouri Ave Kansas City, MO.
    What is the asking price?
    The asking price for this property is $1,799,000.
    What are key features of this property?
    This property features: Exceptional 3-story brick & stone building in Kansas City's North End, built in 1910.; 142' frontage on E Missouri Ave, 40' on Gillis St, 60' alley access.; Under renovation with permits secured; general contractor available to complete.
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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
    1018 Missouri Ave Kansas City, MO 64106
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