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1905 SW 150 Hwy
Lees Summit, MO 64082
Iconic at Osage · Land For Sale
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20.89 AC
INVESTMENT HIGHLIGHTS
- Mixed-Use Corner | 21,000± SF Retail + 66 Lofts Above — immediate synergy and built-in customers from 253 total luxury units on site.
- Development-Friendly: Preliminary entitlements in place; final approvals in 2–3 months; multiple access points (Full & RI/RO).
- Robust Incentives: Chapter 100 tax abatement, sales tax exemption on construction materials, and 1% CID for eligible costs.
EXECUTIVE SUMMARY
Incentives amplify returns: Chapter 100 abatement, sales tax exemption on materials, and a 1% CID directly reduce development costs and carrying burden.
Accelerated timeline: With preliminary entitlements secured and final approvals achievable in ~2–3 months, investors can capture near-term demand and cost-of-capital benefits.
Flexible disposition strategy: Acquire the mixed-use corner, one or both pad sites, or pursue phased delivery to match tenant commitments and capital pacing.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 20.89 AC |
| Property Type | Land | ||
| Zoning | PMIX - PMIX (Planned Mixed Use) zoning allows flexible, mixed-use development with residential, retail, and office in a walkable, master-planned setting. | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 20.89 AC |
| Zoning | PMIX - PMIX (Planned Mixed Use) zoning allows flexible, mixed-use development with residential, retail, and office in a walkable, master-planned setting. |
1 LOT AVAILABLE
Lot
| Lot Size | 20.89 AC |
| Lot Size | 20.89 AC |
Mixed-use corner at MO-150 & Pryor Rd in Lee's Summit, MO with 21,000± SF retail, 66 lofts above, and 1–2 pad sites fronting a high-traffic corridor (19,880 AADT). Preliminary entitlements in place; incentives include tax abatement and CID.
DESCRIPTION
Iconic at Osage delivers a turnkey, master-planned town center in fast-growing Lee’s Summit. The mixed-use hub features 21,000± SF of street-level commercial wrapped by activated pedestrian realms and a courtyard plaza, with 66 luxury lofts above and an additional 253 total luxury apartment units across the community. Visibility and signage along MO-150 pair with efficient site circulation (Full and RI/RO access) to capture demand along this established retail corridor (19,880 AADT) and the surrounding rooftops. Preliminary entitlements are already in place, enabling final approvals in ~2–3 months—a rare speed-to-market advantage. A robust incentive package includes Chapter 100 property tax abatement, sales tax exemption on construction materials, and a 1% CID sales tax for eligible development costs.
