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    291 Hwy & 150 Hwy Lee's Summit, MO 64082

    Sponsored
    For Sale
    Contact for pricing

    Prime retail pad sites, high-growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Two exceptional commercial land pads available for sale in Lee's Summit, Missouri, totaling 2.85 acres. Located at the southwest corner of Highway 291 and Highway 150, these pads offer unparalleled visibility and accessibility. The site benefits from a signalized intersection, ensuring high traffic counts and excellent exposure. Each pad ranges from 1.42 to 1.43 acres and is priced at $14 per square foot. This prime location boasts strong surrounding tenants, including well-established businesses such as Sherwin Williams, Papa Murphy's, and Starbucks, creating a vibrant and desirable retail environment. The area is experiencing significant residential growth, providing a robust customer base for future businesses. Situated in South Lee's Summit, a thriving suburb of Greater Kansas City recognized for its family-friendly atmosphere, this property presents a unique investment opportunity. The area's designation as one of "Business Week's Best Places to Raise Kids" further underscores its appeal and potential for long-term growth. This is an ideal location for owner-users or investors seeking a high-return opportunity in a rapidly developing market. The property is zoned for commercial use. The proximity to a large Price Chopper (80,000 sq ft) further enhances the site's desirability and potential for success.

    Property Features for 291 Hwy & 150 Hwy

    General Information

    Property type
    Land
    Lot Size
    61,855 SF

    HighLights

    • Two 1.42‑acre and 1.43‑acre commercial pad sites available for sale or ground lease in Lee's Summit, MO.
    • Strong surrounding tenant mix including national brands like Sherwin‑Williams, McDonald's, and Starbucks.
    • Located at a signalized intersection near a large Price Chopper grocery store.
    • High residential growth in a desirable South Lee's Summit location.
    • Land priced at $14/SF.
    • Total acreage is approximately 2.85 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lee's Summit
    County
    Jackson
    State
    Missouri
    Longitude
    -94.4006372
    Latitude
    38.8532772

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    FAQs

    What type of property is this?
    Land - Prime retail pad sites, high-growth area.
    Where is this land located?
    The property is located at 291 Hwy & 150 Hwy Lee's Summit, MO.
    What are key features of this property?
    This property features: Two 1.42-acre and 1.43-acre commercial pad sites available for sale or ground lease in Lee's Summit, MO.; Strong surrounding tenant mix including national brands like Sherwin-Williams, McDonald's, and Starbucks.; Located at a signalized intersection near a large Price Chopper grocery store.
    Request Owner's contact information
    291 Hwy & 150 Hwy Lee's Summit, MO 64082
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    Lee's Summit, MO 64082
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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

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    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
    291 Hwy & 150 Hwy Lee's Summit, MO 64082
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