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High-Visibility Site in Major Retail Corridor 24920 Oak Grove Ln 23.3 Acres of Commercial Land Online Auction Sale Sedalia, MO 65301
Investment Highlights
- 24920 Oak Grove Lane is a 23.03-acre level development site with full utilities at a signalized intersection with strong Route 50 frontage.
- Currently zoned AG with strong potential for rezoning given surrounding commercial growth and existing retail and industrial development.
- Surrounded by national retailers, including Kohl’s, Menards, and PetSmart, providing established co-tenancy and consistent retail traffic drivers.
- Located in a regional hub supported by manufacturing, healthcare, and retail sectors, driving sustained traffic and long-term market stability.
- Well-suited for a mini truck stop, travel plaza, or mixed-use development including quick-service restaurants and convenience retail uses.
- Situated within a stable trade area with average household incomes near $56,500, supporting diverse commercial and service-oriented uses.
Executive Summary
Block & Company Inc. is pleased to offer for sale to seasoned developers the opportunity to acquire a fee simple interest in a 23.03-acre development site located in Sedalia, Missouri.
Positioned at the signalized intersection of Route 50 and Oak Grove Lane, the property benefits from traffic counts exceeding 21,000 vehicles per day (VPD), making it one of Sedalia’s busiest intersections. The site is further enhanced by its proximity to Route 65, located less than 2 miles away, and Interstate 70, approximately 18 miles to the north, providing strong regional and interstate connectivity. The property is currently zoned AG (Agricultural) and is a strong candidate for rezoning given the surrounding commercial development.
24920 Oak Grove Lane features a level site with all utilities available and strong frontage along Route 50, providing an ideal opportunity for future development. Surrounded by national retailers, including Kohl’s, Menards, and PetSmart, the property benefits from established co-tenancy and consistent traffic drivers. Situated across from Thompson Meadows Industrial Park, which generates approximately 400 semi-trucks per day, the property is well-suited for a mini truck stop, travel plaza, or mixed-use development, including quick-service restaurants or convenience retail.
Serving a population exceeding 30,000 within a 5-mile radius and approximately 16,500 residents within a 3-mile radius, the site benefits from a stable and established trade area. Median household income within the same radius averages approximately $56,500, supporting consistent demand for retail, service, and industrial uses. The Sedalia market serves as a regional hub for surrounding communities, supported by a workforce-driven economy anchored by manufacturing, healthcare, and retail sectors.
Combining strong visibility, proximity to major transportation arteries, and established national co-tenancy, 24920 Oak Grove Lane presents an ideal opportunity for future development and a unique opportunity to capitalize on sustained traffic and long-term market fundamentals.
Positioned at the signalized intersection of Route 50 and Oak Grove Lane, the property benefits from traffic counts exceeding 21,000 vehicles per day (VPD), making it one of Sedalia’s busiest intersections. The site is further enhanced by its proximity to Route 65, located less than 2 miles away, and Interstate 70, approximately 18 miles to the north, providing strong regional and interstate connectivity. The property is currently zoned AG (Agricultural) and is a strong candidate for rezoning given the surrounding commercial development.
24920 Oak Grove Lane features a level site with all utilities available and strong frontage along Route 50, providing an ideal opportunity for future development. Surrounded by national retailers, including Kohl’s, Menards, and PetSmart, the property benefits from established co-tenancy and consistent traffic drivers. Situated across from Thompson Meadows Industrial Park, which generates approximately 400 semi-trucks per day, the property is well-suited for a mini truck stop, travel plaza, or mixed-use development, including quick-service restaurants or convenience retail.
Serving a population exceeding 30,000 within a 5-mile radius and approximately 16,500 residents within a 3-mile radius, the site benefits from a stable and established trade area. Median household income within the same radius averages approximately $56,500, supporting consistent demand for retail, service, and industrial uses. The Sedalia market serves as a regional hub for surrounding communities, supported by a workforce-driven economy anchored by manufacturing, healthcare, and retail sectors.
Combining strong visibility, proximity to major transportation arteries, and established national co-tenancy, 24920 Oak Grove Lane presents an ideal opportunity for future development and a unique opportunity to capitalize on sustained traffic and long-term market fundamentals.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Property Facts
| Property Type | Land | Total Lot Size | 23.30 AC |
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Floors | 1 | ||
| Zoning | Commercial | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Floors | 1 |
| Total Lot Size | 23.30 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | Commercial |
1 Lot Available
Lot
| Lot Size | 23.30 AC | Parcel Number | 109031000007000 |
| Lot Size | 23.30 AC |
| Parcel Number | 109031000007000 |
Prime West Broadway Development Ground.
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Sale Advisors
Sale Advisors
Bob Jaekel, Sales Associate
Bob Jaekel joined Block and Company in August 2017 as a Sales Associate specializing in the sale of vacant land, pad sites, as well as the sale and leasing of industrial properties. Prior to joining Block, Bob worked as a Right of Way Agent representing several major utility companies in negotiating easements, purchase, and settlement of damages for Electric Transmission, Wind, and Solar Projects in Missouri and Illinois. Bob is a long-time resident of the Kansas City area with a background in the Construction Industry as a project manager and estimator for many site work, underground utility, and demolition projects. As an owner and property manager of several single and multi-family residential properties, Bob has several years experience of buying, selling, and managing property. Bob is ready, willing, and able to help with any of your commercial property needs.
Greg Roberts, Retail-Investment Specialist
Greg J. Roberts joined Block & Company, Inc., Realtors in 2012 as a leasing and sales agent. With a real estate career that began in 2005, Greg has been involved in all facets of the commercial and residential real estate business. While at Block & Company, Greg has primarily focused on retail, restaurant, landlord representation, as well as tenant representation. Prior to joining Block & Company, Greg served eight years as a residential agent & commercial agent and developer with Reece & Nichols and Quinn Real Estate. Greg has been licensed in both Kansas and Missouri since 2005 and is a current member of the National Association of Realtors, Kansas City Regional Association of Realtors, and Retail Brokers Network. Greg works with clients such as Scheel''s Sporting Goods, Sprouts Organic Grocery, Kirklands, El Espoolon Mexican Grill, Studio 3 Salon, The Nailery, Ashner Homes, Carson Development, Town and Country Bank of Kansas City, Firebird''s Wood Fire Grill, Dressbarn, BrewTop Pub & Patio, Visionary Jewelers, Off Broadway Shoes, YaYa''s Euro Bistro, Tail Waggin'' Pet Stop, Steinmart, ULTA, NAPA Auto Parts, and more.
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Auction Contact
John Artozqui
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 2016002032
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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High-Visibility Site in Major Retail Corridor | 24920 Oak Grove Ln
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