Downtown Mixed-Use Investment
For Sale
$335,000
101 N Penn Ave, Independence, KS 67301
Corner lot building with stable tenants in prime downtown location.
Property SizeContact for details
Days on Market532
Property Features for 101 N Penn Ave
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$10,776
Listing Agency:
Keller Williams Realty Select
(620) 330-1367
Listed By:
Amber Gregory
(620) 330-1367
Source:
Exprealty
Added: Mar 10, 2025
Changed: Aug 20
Last Checked: Aug 23 at 5:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Select
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Explore this area
Business Placement
Demographics for 67301, KS
12,385
Population
6,421
Households
1.9
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
215.0 sq mi
ZIP Area
58
Density / Sq Mi
$54,905
Median Household Income
$34,626
Median Earnings
$798
Median Rent
$109,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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**
