#1 • 121 W 48th Street #E100 Kansas City, MO 64112

Part of Rare Country Club Plaza Condo Investment Opportunity | Kansas City, MO (listings by Cates Auction & Realty Co., Inc.)

Status: No sale

Preview Event: Sundays, June 15 & 22; 11 AM - 1 PM Cates Auction is pleased to present, for auction, a rare commercial condominium opportunity located at 121 W 48th Street #E100, Kansas City, MO 64112, offering premier positioning in the heart of the iconic Country Club Plaza. This 2,582 ± sf commercial condo represents a unique owner-user investment in one of Kansas City’s most prestigious and high-traffic retail and lifestyle destinations. With over 20 million annual visitors, 4,400+ multifamily units within a half mile, and 268 units in the connected Sulgrave Regency, the property offers a built-in client base and unmatched accessibility. Recently renovated in 2008 and the only commercial unit in the building, the space features well-insulated walls, plumbed suites ideal for a wide range of uses, including medical, wellness, salon/spa, or professional services. Fifteen covered, dedicated parking stalls and private street-level access from W 48th Street provide exceptional convenience for staff and clients alike. Ownership includes access to a host of luxury building amenities, such as a pool, fitness center, locker rooms with showers, a chef’s kitchen, private conference rooms, a theater, and 24-hour controlled building access, creating a high-comfort, full-service environment that supports staff wellness and elevates the client experience. Offered significantly below replacement cost and located in a Class A district undergoing a $100 million reinvestment by HP Village Partners, this offering presents a rare opportunity to establish a foothold in one of the Midwest’s most dynamic and enduring commercial hubs. Bidding ends on July 10th at 1 PM   Investment HIGHLIGHTS Premier Location Located in the heart of Kansas City’s iconic Country Club Plaza, this property sits in a premier Class A location that attracts over 20± million visitors annually. Surrounded by leading national and international brands, the area offers exceptional walkability, strong demographics, and high foot traffic. Following HP Village Partners’ 2024 acquisition of the Plaza, a $100 million reinvestment is underway, further enhancing the district’s status as one of the Midwest’s most prestigious and dynamic commercial destinations. Rare Owner-User Investment Opportunity This is a rare owner-user investment opportunity to acquire one of the few commercially viable condominium units in the entire Country Club Plaza area. The property features 15 dedicated parking spaces and includes well-insulated walls, plumbed office suites that support various potential uses, from medical or wellness services to professional or creative workspaces. Built-In Client Base with High Visitor Numbers The property benefits from a built-in client base, with over 20 million annual visitors to the Country Club Plaza and a dense surrounding residential population. More than 4,400 apartments lie within a half-mile radius, including 268 units in the Sulgrave Regency, creating strong, consistent foot traffic and a stable pool of potential customers or clients. Luxury Amenity Access Ownership of this condo unit includes access to a full suite of luxury amenities, such as a pool, fitness center, locker rooms with showers, a chef’s kitchen, three private conference rooms, a theater, laundry facilities, and 24-hour controlled building access. These features enhance the daily experience for staff and clients and provide a professional, high-comfort environment that supports employee wellness, client hospitality, and operational efficiency. FAST FACTS Premier Location, Adjacent to the Iconic Country Club Plaza 2,582± Rentable SF Exceptional Market Fundamentals with $124,171 Avg. Household Income Within 1-Mile and 20 Million Visitors to the County Club Plaza Annually Offered Significantly Below Replacement Cost 24-Hour Controlled Access to Building The Unit Was Meticulously Renovated in 2008 Dedicated Access via W 48th Street Excellent Owner-User Opportunity Highly Desirable Area with Limited Ownership Opportunities Ideal for Medical, Salon/Spa, Professional Services Property Includes the Transfer of 15 Covered Dedicated Parking Stalls All Suites Have Well-Insulated Walls with Plumbing  Access to Luxury Building Amenities: Pool, Fitness Center, Locker Rooms, Chef’s Kitchen, Private Conference Rooms, Theater, Outdoor Gardens and more!  Utilities: Water, Gas, and Electric are Currently Paid for by the Building Only Commercial Unit Available in the Entire Building 4,435 Multifamily Units Within a Half Mile & 268 Units Within the Sulgrave Regency Last Listed at $795,000. Buyer Will Be Required to Pay a Transfer Fee. This is 0.3% of the Purchase Price and is added to the First Month’s HOA Fee. 2025 HOA dues $2,611.51 monthly 2024 County Real Estate Taxes $11,024 Note: According to Jackson County Real Estate Records NEW TO AUCTION? 4 Quick Tips: Be prepared to bid by having your finances in order and your earnest money deposit ready.  Research the property, auction terms and be sure to download the “Property Information Package” at CatesAuction.com. All due diligence is located in the Documents tab. Attend an open house event or call to schedule a time to view the property.  Ask questions. Call 816-781-1134 or email Sold@CatesAuction.com. We’re here to help!