1417 Minnesota AveKansas City, KS 66102

Property Details for 1417 Minnesota Ave

Year built

1954

Construction

BRICK

Lot size

0.17 AC

Property size (Sq ft)

1,875 SF

Property type

Auto shops

APN

91516

APU

91516

Description

This exceptional investment opportunity presents two adjacent commercial buildings totaling 12,197 square feet on a single lot in Kansas City, KS. Located at 1417 Minnesota Avenue, zip code 66102, this property offers a unique blend of automotive and retail potential. One building, a 3-bay garage featuring lifts and an office, is in excellent condition. The adjacent building, previously used for auto body work, also includes its own office space. The property boasts a shared, fenced parking lot with gated access from both Minnesota Avenue and a rear alleyway. A newer roof is a significant plus. While one building lacks a furnace, the versatile layout allows for various uses, including automotive service, retail operations, or a combination of both. The buildings could even be rented separately, providing diverse income streams. The asking price for this turnkey investment is $615,000. The property was built in 1954 and is a single-story structure. Note that the listed square footage and lot size represent the combined measurements of both buildings.

• CAP approach

  CAP return

  Valuation

  6%

  $516,653

  6.5%

  $476,911

  7%

  $442,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $337,979

  Geo Method

  $337,979

• Alternative Use

  Use

  Valuation

  Residential

  $402,292

  Hospitality

  $368,497

  Educational

  $306,586

  Medical

  $317,130

  Retail

  $476,911

Location Insight

City

Kansas City

County

Wyandotte

State

Kansas

Latitude

39.1152

Longitude

-94.6455

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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