Log In/Sign Up
Your email has been sent.
120-122 W 5th St 5,475 SF 100% Leased Retail Building Kansas City, MO 64105 $1,370,000 CAD ($250.23 CAD/SF)
Investment Highlights
- 84 Walk Score - Steps to KC Streetcar Line, City Market and Power & Light
- Full Renovation 2022 - Class A Finishes
- Rare Mixed-Use Retail/Rental Investment Opportunity in River Market
- Historic River Market neighborhood - views of skyline from entertainment level
- New Roof 2025
- Ground Level Salon Tenant Lease through September 2028
Executive Summary
Situated in the heart of Kansas City’s historic River Market neighborhood, 120 W. 5th Street presents a rare and compelling mixed-use investment opportunity. Built in 1907, this property combines timeless character with modern functionality, all within steps of the City Market, downtown Kansas City, and the KC Streetcar line—offering unmatched connectivity to the city’s top attractions. The property’s striking façade, featuring an iconic marquee cityscape mural, is complemented by exceptional walkability and tenant-friendly amenities, including off-street parking with an attached garage. A long-term salon tenant anchors the ground floor, providing reliable income through 2028, while the upper two floors operate as a high-performing short-term rental—offering diversified revenue streams and significant upside potential. Located in one of Kansas City’s most supply-constrained submarkets, 120 W. 5th Street represents an exceptional opportunity for long-term appreciation, blending historic charm with modern revenue potential in a highly sought-after location.
The salon space encompasses approximately 2,600 square feet and was thoughtfully renovated in 2018. It includes two bathrooms, a washer/dryer, exposed brickwork, refurbished concrete flooring, a private office and employee area, and rear access to the garage and building mechanicals. Meanwhile, the short-term rental unit, completed in 2022, spans approximately 2,875 square feet across two upper levels. This fully furnished space boasts 2+ bedrooms, two full bathrooms, tall ceilings, abundant natural light, and a third-level entertainment area with a rooftop deck offering breathtaking downtown views. While a roof leak in early 2025 temporarily impacted the short-term rental’s availability, the unit has since undergone significant repairs (new roof 2025) and resumed operations, achieving strong bookings. As of April 2026, the unit has secured 82 future nights through October, underscoring its ongoing demand and revenue-generating potential. The building is separately metered for electric with common gas and water and has 24-hour surveillance/security cameras in place for tenants.
The salon space encompasses approximately 2,600 square feet and was thoughtfully renovated in 2018. It includes two bathrooms, a washer/dryer, exposed brickwork, refurbished concrete flooring, a private office and employee area, and rear access to the garage and building mechanicals. Meanwhile, the short-term rental unit, completed in 2022, spans approximately 2,875 square feet across two upper levels. This fully furnished space boasts 2+ bedrooms, two full bathrooms, tall ceilings, abundant natural light, and a third-level entertainment area with a rooftop deck offering breathtaking downtown views. While a roof leak in early 2025 temporarily impacted the short-term rental’s availability, the unit has since undergone significant repairs (new roof 2025) and resumed operations, achieving strong bookings. As of April 2026, the unit has secured 82 future nights through October, underscoring its ongoing demand and revenue-generating potential. The building is separately metered for electric with common gas and water and has 24-hour surveillance/security cameras in place for tenants.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,475 SF
Building Class
B
Year Built/Renovated
1907/2020
Price
$1,370,000 CAD
Price Per SF
$250.23 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.76
Lot Size
0.07 AC
Zoning
UR - Urban Redevelopment District
Parking
2 Spaces (0.37 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Corner Lot
- Security System
- Tenant Controlled HVAC
- Roof Terrace
- Air Conditioning
- Balcony
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-830-30-06-00-0-00-000 | Improvements Assessment | $17,093 CAD |
| Land Assessment | $482,017 CAD | Total Assessment | $499,110 CAD |
Property Taxes
Parcel Number
12-830-30-06-00-0-00-000
Land Assessment
$482,017 CAD
Improvements Assessment
$17,093 CAD
Total Assessment
$499,110 CAD
1 of 72
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
120-122 W 5th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.