Log In/Sign Up
Your email has been sent.
225 N 7th St 2,258 SF 100% Leased Flex Building Kansas City, KS 66101 $502,194 CAD ($222.41 CAD/SF) 7.78% Cap Rate
Investment Highlights
- Fully leased mixed-use corner building – 3 income-producing units
- Major recent upgrades + value-add potential with full basement (4th unit or storage income)
- $36.6K gross income / $27.9K NOI ? 7% cap at list
Executive Summary
Fully occupied, mixed-use investment property, residential and commercial - beautiful historic stone, downtown row store, in a prime KCK location!
Corner building on high-traffic 7th St Trafficway, just blocks from Central Ave, shopping, restaurants, and highway access.
3 income-producing Units: updated 2BR/1BA apartment upstairs ($1,000/mo), one updated commercial unit ($1,000/mo), and one long-term commercial tenant ($1,050/mo).
Gross scheduled income $36,600 annually with expenses under $9K, offering a 7% cap rate at list price.
--- Recent updates include new roof, furnaces, water heater, electric, and repaved parking in the past year, plus interior renovations in 2 of 3 units. Full basement with interior and exterior access provides additional upside—previously finished office space, currently used by owner as storage - could easily be finished for extra income! - Strong tenant stability, renewed leases, and value-add potential make this a great entry-level or portfolio investment.
- Residential unit is moving out 05/26, updated commercial unit is on month to month lease now, making a live/work opportunity for someone!
Corner building on high-traffic 7th St Trafficway, just blocks from Central Ave, shopping, restaurants, and highway access.
3 income-producing Units: updated 2BR/1BA apartment upstairs ($1,000/mo), one updated commercial unit ($1,000/mo), and one long-term commercial tenant ($1,050/mo).
Gross scheduled income $36,600 annually with expenses under $9K, offering a 7% cap rate at list price.
--- Recent updates include new roof, furnaces, water heater, electric, and repaved parking in the past year, plus interior renovations in 2 of 3 units. Full basement with interior and exterior access provides additional upside—previously finished office space, currently used by owner as storage - could easily be finished for extra income! - Strong tenant stability, renewed leases, and value-add potential make this a great entry-level or portfolio investment.
- Residential unit is moving out 05/26, updated commercial unit is on month to month lease now, making a live/work opportunity for someone!
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$51,199
|
$22.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$51,199
|
$22.67
|
| Taxes |
$4,931
|
$2.18
|
| Operating Expenses |
$6,573
|
$2.91
|
| Total Expenses |
$11,504
|
$5.09
|
| Net Operating Income |
$39,694
|
$17.58
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $51,199 |
| Annual Per SF | $22.67 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $51,199 |
| Annual Per SF | $22.67 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,931 |
| Annual Per SF | $2.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,573 |
| Annual Per SF | $2.91 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $11,504 |
| Annual Per SF | $5.09 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $39,694 |
| Annual Per SF | $17.58 |
Property Facts
| Price | $502,194 CAD | Building Class | C |
| Price Per SF | $222.41 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Rentable Building Area | 2,258 SF |
| Cap Rate | 7.78% | No. Stories | 2 |
| Property Type | Flex | Year Built/Renovated | 1930/2024 |
| Zoning | C-3 - commercial districts (C-3) allows mixed use commercial -- 1 residential unit, 2 commercial units, and partially finished basement (value add unit) | ||
| Price | $502,194 CAD |
| Price Per SF | $222.41 CAD |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.14 AC |
| Rentable Building Area | 2,258 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1930/2024 |
| Zoning | C-3 - commercial districts (C-3) allows mixed use commercial -- 1 residential unit, 2 commercial units, and partially finished basement (value add unit) |
Amenities
- 24 Hour Access
- Storage Space
- Air Conditioning
- Balcony
- Smoke Detector
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 119115 | Total Assessment | $37,098 CAD |
| Land Assessment | $11,785 CAD | Annual Taxes | $4,931 CAD ($2.18 CAD/SF) |
| Improvements Assessment | $25,313 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
119115
Land Assessment
$11,785 CAD
Improvements Assessment
$25,313 CAD
Total Assessment
$37,098 CAD
Annual Taxes
$4,931 CAD ($2.18 CAD/SF)
Tax Year
2025
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
225 N 7th 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.