The Land Bank owns over 2,700 parcels of vacant land of various shapes and sizes. Many properties are suitable for construction of new houses and other buildings. Others are better suited for gardens and green spaces. Our Guidebook for Infill Lot Improvement Strategies provides numerous ways vacant land can be used to benefit the neighborhood while keeping it available for infill construction in the future.
Offers to purchase vacant lots and land must include:
A description or plan of intended use.
A timeline for completion of improvements.
Evidence that you have the resources to cover the cost of improvements. As property custodians, the Land Bank requires assurance that you have the ability to complete the project.
All property sales require a deed of trust to ensure that the property is improved or maintained as promised in the offer.
Asking Prices and Offers
The Land Bank is required to sell properties for at least two-thirds of their fair market value. Asking prices are based on the fair market value as determined by the County Assessor; however, other sources of market value can also be used. Offers for less than two-thirds fair market value must be approved by four of the five commissioners.
Your offer to purchase a property may take into consideration the cost of improvements and maintenance to be performed after the sale.
The Land Bank of Kansas City, Missouri demonstrates its dedication to the betterment of our communities by providing opportunities for economic development and neighborhood revitalization. You can be assured that Land Bank property will never be sold to:
Anyone convicted of charges involving prostitution or the sale of illegal drugs.
Registered sex offenders.
Owners of other property in Kansas City, Missouri who have delinquent taxes or code violations and are not in remediation.
Additionally, our policies and procedures are designed to prevent speculators from purchasing properties with the sole intention of “flipping” them for a quick profit. Our applicants are thoroughly screened to ensure that they are willing and able to comply with our policies and procedures and that their plans are in the best interest of the community.