908 Chipman RdLee's Summit, MO 64086

Property Details for 908 Chipman Rd

Year built

1972

Construction

WOOD

Lot size

0.58 AC

Property size (Sq ft)

2,220 SF

Property type

Individual retail properties

APN

52-840-07-19

APU

528400719

Description

This exceptional 5,000-square-foot retail space is available for lease in the thriving Lee's Summit, Missouri market. Located at 908 E. Chipman Road, this single-tenant property offers a significant opportunity for businesses seeking a prominent location in Jackson County. The building sits on a generous 25,238-square-foot lot, providing ample space for customer parking and potential future expansion. The entire 5,000 square feet is currently vacant, presenting a blank canvas for a new tenant to customize the space to perfectly suit their operational needs. The property's classification as a commercial retail space makes it ideal for a wide range of businesses, from retail stores and restaurants to service providers and offices. Its location in Lee's Summit offers excellent access to major transportation routes, ensuring high visibility and convenient access for customers and employees. The property's address is 908 E Chipman Rd, Lee's Summit, MO 64086. This is a rare opportunity to secure a substantial retail space in a desirable location with significant potential for growth and success. The property is zoned for commercial use and is ready for immediate occupancy. Interested parties are encouraged to inquire promptly.

• CAP approach

  CAP return

  Valuation

  6%

  $646,982

  6.5%

  $597,214

  7%

  $554,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $400,167

  Geo Method

  $400,167

• Alternative Use

  Use

  Valuation

  Residential

  $503,772

  Hospitality

  $461,453

  Educational

  $383,923

  Medical

  $397,127

  Retail

  $597,214

Location Insight

City

Lees Summit

County

Jackson

State

Missouri

Latitude

38.9247

Longitude

-94.359

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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