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    1321 Michigan Ave Kansas City, MO 64127

    For Sale
    $139,900

    9,000 sq ft lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 9,000 square foot level lot, encompassing lots 21-23 (indivisible), presents a unique opportunity for residential development in Kansas City, Missouri. Located at 1321 Michigan Avenue, zip code 64127, this property offers unparalleled convenience with easy access to major highways including I-29, I-70, and I-35. Its prime location places it just two miles from downtown Kansas City and within walking distance of the vibrant 18th and Vine district and the River Market, providing access to a wealth of restaurants, shops, and cultural attractions. The surrounding area boasts iconic landmarks such as the KC Power and Light District, Crossroads Arts District, Crown Center, and the nearby KC Current women's soccer stadium. This blank canvas is ideal for a single-family home or a multi-family development, allowing for the creation of a truly bespoke property. The asking price is $139,900, with a $3500 earnest money deposit required. Public records provide lot details; however, buyers are responsible for verifying dimensions, details, taxes, and assessments.

    Property Features for 1321 Michigan Ave

    General Information

    Property type
    Land

    HighLights

    • $139,900 asking price.
    • 9,000 square foot residential lot.
    • Located at 1321 Michigan Avenue, Kansas City, MO 64127.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.559388
    Latitude
    39.096993

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    FAQs

    What type of property is this?
    Land - 9,000 sq ft lot, prime location.
    Where is this land located?
    The property is located at 1321 Michigan Ave Kansas City, MO.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: $139,900 asking price.; 9,000 square foot residential lot.; Located at 1321 Michigan Avenue, Kansas City, MO 64127.
    Request Owner's contact information
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    Kansas City, MO 64127
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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
    1321 Michigan Ave Kansas City, MO 64127
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