101 N Penn Ave, Independence, KS 67301

Listing office Keller Williams Realty Select a***@kw.com Show Phone

Listing date Mar 11, 2025

Source Exprealty

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Overview

Located in the heart of downtown, this mixed-use building on a corner lot presents an investment opportunity. The property features five fully rented apartments on the second level and seven retail spaces on the main level, with five currently leased and two available. Recent upgrades include a new roof, new sewer lines, and new zone heating and air conditioning, with each retail space having its own thermostat. The landlord is responsible for water and gas, while tenants cover electricity. The existing tenants are interested in remaining, providing a stable income stream. This property offers a blend of residential and retail spaces, presenting a low-maintenance income stream in a growing location.

Suggested Use

Skin Care Clinic Grocery & Convenience Store Big Box & Wholesale Store Locksmith Electrical Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service Garden Center Tech Support Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Independence

County

Montgomery

State

Kansas

Longitude

-95.7067

Latitude

37.2225

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FAQs

What type of property is this?

Mixed-use property - Corner lot building with stable tenants in prime downtown location.

Where is this mixed-use property located?

The property is located at 101 N Penn Ave Independence, KS.

What is the asking price?

The asking price for this property is $335,000.

What are key features of this property?

This property features: Prime Downtown Corner Lot Location in a High‑Traffic Area; Stable Income Stream with Fully Rented Apartments and Mostly Leased Retail Spaces; Recent Major Upgrades: **New Roof, Sewer Lines, and Individual HVAC Systems for Retail Spaces**