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    M-150 Highway Ln Lee's Summit, MO 64082

    For Sale
    $1,463,616

    High-Visibility Hwy 150 Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This prime commercial development opportunity in Lee's Summit, Missouri, presents a 121,292.43 square foot vacant lot ideally situated on Highway 150, just west of the Highway 291 intersection. Priced at $13 per square foot, totaling $1,463,616, this high-visibility parcel boasts exceptional daily traffic counts exceeding 46,000 vehicles. The property benefits from its strategic location adjacent to a newly constructed big-box store and enjoys close proximity to various amenities including gas stations, restaurants, and fast-food establishments. A recently completed apartment complex is also directly adjacent, further enhancing the site's appeal. This location is anchored by established neighborhoods and is experiencing explosive growth fueled by new residential subdivisions such as Raintree, Woodland Trails, and Lake Winnebago, which are adding hundreds of new homes. This represents one of only two remaining commercial development lots on the north side of Highway 150 before the completion of these new subdivisions and the commencement of development at the nearby Shamrock Golf Course. This presents a unique opportunity to capitalize on the significant growth and high traffic volume in this rapidly developing area of Lee's Summit, offering exceptional potential for commercial development. The property is located at Vacant Lot 3 - SW M-150 Highway, Lee's Summit, MO 64082.

    Property Features for M-150 Highway Ln

    General Information

    Property type
    Land

    HighLights

    • Prime commercial land for sale on Hwy 150, west of Hwy 291 intersection in Lee's Summit, MO.
    • High‑visibility, 121,292.43 sq ft lot priced at $13/SF, totaling $1,463,616.
    • Excellent location near a new big‑box retailer, gas stations, restaurants, and fast food.
    • Adjacent to a new apartment complex.
    • High traffic count of over 46,000 vehicles daily on Hwy 150.
    • One of only two remaining commercial lots in this rapidly developing area of Lee's Summit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lee's Summit
    County
    Jackson
    State
    Missouri
    Longitude
    -94.4079213
    Latitude
    38.8525512

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    FAQs

    What type of property is this?
    Land - High-Visibility Hwy 150 Lot
    Where is this land located?
    The property is located at M-150 Highway Ln Lee's Summit, MO.
    What is the asking price?
    The asking price for this property is $1,463,616.
    What are key features of this property?
    This property features: Prime commercial land for sale on Hwy 150, west of Hwy 291 intersection in Lee's Summit, MO.; High-visibility, 121,292.43 sq ft lot priced at $13/SF, totaling $1,463,616.; Excellent location near a new big-box retailer, gas stations, restaurants, and fast food.
    Request Owner's contact information
    M-150 Highway Ln 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

    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
    M-150 Highway Ln Lee's Summit, MO 64082
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