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    708 Minnesota Ave Kansas City, KS 66101

    Sponsored
    For Sale
    $390,000

    Prime location, 45,000 sq ft, $390,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a substantial 45,000 square foot building situated in the heart of Kansas City, Kansas. Located at 708 Minnesota Avenue, this two-story property, built in 1955, sits on a 0.49-acre lot and offers a unique blend of retail and office space. Originally a downtown department store known as the Pylon Plaza, the building has undergone partial conversion, with the main level now partially dedicated to office use. Each floor boasts a generous 15,000 square foot floor plate, providing ample space for a variety of uses. The property also includes a full basement, adding significant potential for storage or expansion. The asking price is $390,000, representing a compelling value for a property of this size and location in a vibrant urban setting. The building's history and substantial square footage make it an ideal candidate for adaptive reuse, offering significant potential for a savvy investor. This is a rare opportunity to acquire a landmark property in a rapidly developing area of Kansas City. The property's size and central location offer significant upside potential for future development and income generation. The zip code is 66101, and the property is located in Wyandotte County.

    Property Features for 708 Minnesota Ave

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    21,344 SF

    Building Details

    Year Built
    1955
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Lucky Chopsticks Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.627443
    Latitude
    39.1160799

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 45,000 sq ft, $390,000
    Where is this office property / space located?
    The property is located at 708 Minnesota Ave Kansas City, KS.
    What is the asking price?
    The asking price for this property is $390,000.
    Request Owner's contact information
    708 Minnesota Ave Kansas City, KS 66101
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    Kansas City, KS 66101
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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
    708 Minnesota Ave Kansas City, KS 66101
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