Property profile

200 Market St Lee's Summit, MO 64063

OFF-MARKET
Office Spaces
Property ID
US48-0661477
Built 1938
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Property summary

AI-generated overview

This exceptional 0.2-acre commercial property, located at 200 SW Market Street in Lee's Summit, Missouri, presents a fantastic business opportunity. The 8,776 square foot lot boasts impressive street frontage: 163 feet on SW 2nd Street and 55 feet on Market Street, ensuring high visibility in the thriving downtown area. Built in 1938, the existing structure has served as a law office for over two decades and includes an eight-space parking lot. The property's prime location offers easy access to numerous shops, restaurants, and boutiques. This versatile property is ideal for redevelopment into various commercial uses, including retail, office space (law, insurance, etc.), or repurposing the existing cottage. The property's central location also benefits from a nearby public parking lot to accommodate overflow parking. The asking price is $395,000. Don't miss this chance to acquire a highly visible and strategically located commercial property in a rapidly developing area of Lee's Summit. The zip code is 64063.

Property profile

Verified
Property type Office Spaces
Year built 1938
UPID US48-0661477

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

200 Market St Lee's Summit, MO 64063
Lee's Summit metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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