Three-Storefront Retail
For Sale
$425,000
139 East Lexington Avenue, Independence, MO 64050
Downtown commercial property with on-site parking and a detached garage.
Property Size3,000 SF
Days on Market56
Property Features for 139 East Lexington Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Amenities
parking
detached garage
Building Details
Building Size
3,000 SF
Listing Agency:
SVN | Encompass Commercial, LLC
Listed By:
C. Sterling Scott, CCIM · License #MO #1999021979
(816) 215-1100
Source:
Svn
Added: Aug 12
Changed: Oct 4
Last Checked: Oct 5 at 3:41PM
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 SVN | Encompass Commercial, LLC
Investment Insights
Based on property information with market context.
This 3,000-square-foot storefront property includes three separate storefronts, on-site parking, and a detached garage. The building previously operated as a bike shop and is situated in downtown Independence.
A new roof was installed in 2024. The property also includes a double lot, adding additional land to the commercial site.
A new roof was installed in 2024. The property also includes a double lot, adding additional land to the commercial site.
Key Highlights
- 3,000‑square‑foot storefront property with three storefronts
- Double lot with on‑site parking
- Detached garage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,288
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,760
$725.8K
Cap Rate 7%
$518,400
$518.4K
Cap Rate 9%
$403,200
$403.2K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$2.2K −$0.72/SF
EGI
$51.8K $17.28/SF
− OpEx
−$15.6K −$5.18/SF
NOI
$36.3K $12.10/SF
Area
Independence, MO
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,760
Cap Rate 7%
$518,400
Cap Rate 9%
$403,200
Alternative Uses
Best Use
Retail
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$886.6K
$775.8K – $1.03M
NOI $62,064 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
Church's Chicken
Dining
4,603 visits/mo
0.4 miles
Sinclair
Shops & Services
4,270 visits/mo
0.2 miles
Demographics for 64050, MO
22,223
Population
10,338
Households
2.1
Avg Household Size
39
Median Age
15%
College-Educated
87%
High-School Grad
12.9 sq mi
ZIP Area
1,723
Density / Sq Mi
$46,561
Median Household Income
$36,084
Median Earnings
$915
Median Rent
$137,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Downtown commercial property with on-site parking and a detached garage.
Where is this storefront property located?
The property is located at 139 East Lexington Avenue Independence, MO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 3,000‑square‑foot storefront property with three storefronts; Double lot with on‑site parking; Detached garage included
