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2939 Cherry Street

Kansas City, MO 64108
  • $605,000
  • STATUS: Active Under Contract
  • ON SITE: 128 Days
  • ID#: 2612481
Under Contract
UPDATED: 45 min ago
$605,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1986
County:

School Ratings & Info

Description

Investment Offering | Stabilized Asset with Strategic Upside Positioned in the established and evolving Longfellow neighborhood, this 1986-built asset presents a rare opportunity to acquire a stabilized, income-producing property with both operational efficiency and future optionality. The property is currently leased to an established tenant through May 2027, providing immediate, predictable cash flow. Based on current financials, the asset is operating at an approximate 6.77% capitalization rate, supported by a strong income stream and controlled expenses. Full lease documentation and T-12 financials are available for qualified buyers. A notable enhancement to the asset is the presence of owned solar panels, reducing utility exposure and contributing to long-term expense stability—an increasingly valuable feature for both investors and future occupants. This offering presents a dual-path opportunity: Passive Investor Play: Secure in-place income with a performing tenant and solid yield in a central Kansas City location Strategic Owner-User Play: Plan for future occupancy upon lease expiration, while benefiting from income in the interim The current tenant also holds a First Right of Refusal, creating a defined and transparent framework for any future sale considerations. Investment Summary Cap Rate: ~6.77% Lease Term: Through May 2027 Asset Type: Stabilized, income-producing Year Built: 1986 Additional Features: Owned solar infrastructure Buyer and Buyer's Agent to verify any and all information as it pertains to the property. Seller is Licensed in Kansas and Missouri

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The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2026, Heartland Multiple Listing Service, Inc. Heartland MLS and Cody Donelson | Compass Realty Group do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. Data last updated: 2026-08-13T07:45:29.773.

Based on information submitted to the MLS GRID as of 2026-08-13T07:45:29.773 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.buyinkansascity.com/homes/174890474
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2939 Cherry Street Kansas City, MO 64108

  • Price: $605,000
  • Status: Active Under Contract
  • On Site: 128 Days
  • Updated: 45 min ago
  • ID#: 2612481
0
Beds
0
Baths
0
½ Baths
0.27
Acres
1986
Built
Neighborhood:
202 - Kansas City Area (So. Of River)
County:
Jackson
Area:
202 - Kansas City Area (So. Of River)
Property Description
Investment Offering | Stabilized Asset with Strategic Upside Positioned in the established and evolving Longfellow neighborhood, this 1986-built asset presents a rare opportunity to acquire a stabilized, income-producing property with both operational efficiency and future optionality. The property is currently leased to an established tenant through May 2027, providing immediate, predictable cash flow. Based on current financials, the asset is operating at an approximate 6.77% capitalization rate, supported by a strong income stream and controlled expenses. Full lease documentation and T-12 financials are available for qualified buyers. A notable enhancement to the asset is the presence of owned solar panels, reducing utility exposure and contributing to long-term expense stability—an increasingly valuable feature for both investors and future occupants. This offering presents a dual-path opportunity: Passive Investor Play: Secure in-place income with a performing tenant and solid yield in a central Kansas City location Strategic Owner-User Play: Plan for future occupancy upon lease expiration, while benefiting from income in the interim The current tenant also holds a First Right of Refusal, creating a defined and transparent framework for any future sale considerations. Investment Summary Cap Rate: ~6.77% Lease Term: Through May 2027 Asset Type: Stabilized, income-producing Year Built: 1986 Additional Features: Owned solar infrastructure Buyer and Buyer's Agent to verify any and all information as it pertains to the property. Seller is Licensed in Kansas and Missouri
Exterior Features

Exterior Features Building Sign Number Of Docks 0 Number Of Drive In Doors 0 Parking Features Parking LotPaved Road Frontage Type City Street

Interior Features

Interior Features Private Restroom

Property Features

Age Description 31-40 Years Business Type See Remarks Current Use See Remarks In Flood Plain Unknown Inside City Limits Yes Leasable Area 4191 Leased YN Yes Listing Agreement Exclusive Right To Sell Listing Terms CashConventionalOther Location Features Free Standing Maintenance Provided YN No Occupancy Description AnnualTenant Occupied Possession Subject To Tenant Rights Property Sub Type Other Sale Includes Building Only Tax Total Amount 17544 Transaction Type Sale Utilities Electricity AvailableNatural Gas AvailableWater Available Zoning M1-5

Listing information © 2026 Heartland MLS as distributed by MLSGRID.
Listing courtesy of Wardell & Holmes Real Estate.



Digital Millennium Copyright Act


Heartland MLS logo

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2026, Heartland Multiple Listing Service, Inc. Heartland MLS and Cody Donelson | Compass Realty Group do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. Data last updated: 2026-08-13T07:45:29.773.

Based on information submitted to the MLS GRID as of 2026-08-13T07:45:29.773 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Cody Donelson | Compass Realty Group
4403 W 119th St
Leawood KS, 66209