1421 Minnesota AveKansas City, KS 66102

Property Details for 1421 Minnesota Ave

Year built

1920

Construction

BRICK

Lot size

0.10 AC

Property size (Sq ft)

2,040 SF

Property type

Auto shops

APN

91517

APU

91517

Description

This 1-story, 4,356 sq ft auto shop at 1421 Minnesota Avenue, Kansas City, KS 66102 presents a fantastic investment opportunity. Built in 1920 and situated on a fenced lot, the property boasts a spacious workshop area, a convenient front office/retail space, and a sizable, gated rear lot. The property includes a large storage trailer that will remain. The shop features updated electrical, a small bathroom, and a security system (all remaining with the property). The roof was replaced in 2017. Access is provided by a 9' front garage door and an 8' rear garage door, ensuring easy vehicle access. Utilities include gas, electric, and water. The current automotive use is easily adaptable to other business ventures, making this a versatile and attractive property. The owner is relocating their business, presenting a clean slate for a new owner. This well-maintained property is ready for immediate occupancy. The property is vehicle accessible.

• CAP approach

  CAP return

  Valuation

  6%

  $562,119

  6.5%

  $518,879

  7%

  $481,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $367,721

  Geo Method

  $367,721

• Alternative Use

  Use

  Valuation

  Residential

  $437,694

  Hospitality

  $400,925

  Educational

  $333,565

  Medical

  $345,037

  Retail

  $518,879

Location Insight

City

Kansas City

County

Wyandotte

State

Kansas

Latitude

39.1152

Longitude

-94.6457

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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