4701 E 27th St, Kansas City, MO 64127

Location & Site Attributes

• 1.51 acres (≈ 65,776 SF) of commercial land in a visible corner location.

• Zoned “Common Land” (X / “Common Land” use) with flexibility for redevelopment.

• Includes additional adjacent lot to the east, currently zoned for multifamily, enabling expansion or complementary use.

• Former car wash footprint / shell building present, which may reduce demolition or initial site prep cost if reused or retrofitted.

• Easy access to I‑70; only ~2 blocks from the highway corridor.

Demographics & Market Fundamentals

• Population base: ~13,418 within 1 mile; ~102,192 within 3 miles; ~230,218 within 5 miles.

• Projected 2024 → 2029 growth: +5.22% (1mi), +4.12% (3mi), +2.67% (5mi).

  Median household income in the 5‑mile ring: ~$50,102.

• Median home values within the trade area (5 miles): ~$143,185.

Pricing & Cost Basis

• Asking price: $85,000

• Property tax assessment: Land assessed ~$31,296; improvements (shell) ~$3,648; total assessment ~$34,944.

Value‑Add / Upside Potential

• Redevelopment opportunity: ability to re‑plat, erect new building(s), or densify given adjacent multifamily zoning lot.

• Cost savings potential by reusing structure or minimal demolition.

• Active urban renewal / reinvestment in the area enhances repositioning upside.

• Infill nature: underutilized land in a built-up area, reducing infrastructure extension costs.

• Strong visibility, frontage, and signage potential given corner position.

Risk Mitigation & Transaction Positives

• Low entry cost relative to land size and redevelopment opportunity.

• Seller has “shell condition” building, which may allow expedited redevelopment or temporary use.

• Already improved utilities (water, sewer, electricity) exist per listing.

• Nearby comparable commercial and land listings support market comparable.