Commercial Real Estate in Lee's Summit, Missouri, offers a unique opportunity for investors to tap into the city's growing economy. With a population of around 100,000, Lee's Summit is an attractive location for businesses, thanks to its strategic position in the Kansas City metropolitan area. Commercial Real Estate in Lee's Summit can represent a wide range of investments, from office buildings to retail spaces, and even industrial properties. The city's strong infrastructure, including transportation facilities like the Historic Jefferson Highway, I-470, US 40, US 50, Route 150, Route 291, and Route 350, makes it an ideal location for businesses that require easy access to major highways. Additionally, Lee's Summit is home to several major employers, including Lee's Summit Medical Center, Saint Luke's East Hospital, and Longview Community College, which contribute to the city's economic growth. The city's amenities, such as the Lee's Summit Municipal Airport and the Summit Technology Center, also make it an attractive location for businesses and investors alike.
Lee's Summit's Commercial Real Estate market offers a diverse range of opportunities, with 38 listings currently available. The average price per square foot for Commercial Real Estate in Lee's Summit is $473 USD, with an average size of 19,802 square feet. The largest property available is 64,109 square feet. Industrial Properties in Lee's Summit offer a unique opportunity for businesses that require large spaces, while Apartment Buildings provide a steady stream of income for investors. Office Properties in Lee's Summit are also in high demand, thanks to the city's growing economy. Hotels in Lee's Summit cater to the city's visitors, who come to enjoy the city's arts scene, including the Downtown Days Festival and the Summit Art Festival. Overall, Lee's Summit's Commercial Real Estate market offers a unique blend of opportunities for investors and businesses alike.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Lee's Summit, Missouri, there are several alternatives to consider, including:
- Traditional bank loans, which offer competitive interest rates and flexible repayment terms, ideal for established businesses with a strong credit history.
- Small Business Administration (SBA) loans, which provide favorable terms, such as lower down payments and longer repayment periods, for small businesses and startups.
- Private money lenders, which offer alternative financing options for those who may not qualify for traditional bank loans, often with faster approval processes and more flexible terms.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Lee's Summit, Missouri, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 6.24%, investors can gauge the expected rate of return based on the property's net operating income and market value, helping them make informed decisions about their commercial real estate investments - for a more in-depth understanding, check out our article on what is a cap rate.
In Lee's Summit, where there are 38 available listings of commercial real estate, investors can explore opportunities ranging from 19,802 square feet to 64,109 square feet, with an average price per square foot of $473 USD. By factoring in the cap rate, investors can better evaluate the potential of these properties and make strategic decisions about their commercial real estate investments.
What is considered a commercial property?
In Lee's Summit, Missouri, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, or other types of properties that generate income. With 38 available listings of commercial real estate in Lee's Summit, investors and business owners have a range of options to choose from, with average prices per square foot of $473 USD and average sizes of 19,802 square feet, and a largest size of 64,109 square feet, offering opportunities for businesses of all sizes.
