Historic Office
For Sale
$450,000
201 N Penn Ave, Independence, KS 67301
Historic concrete office building with ADA access, steam heat, and two elevators, with partially occupied space available.
Property Size36,424 SF
Price / SF$12.35
Days on Market1809
Property Features for 201 N Penn Ave
General Information
Standard status
Active
Size
36,424 SF
Occupancy
50%
Taxes and HOA fees
Annual Taxes
$12,420
Building Details
Year Built
1920
Listing Agency:
Coldwell Banker Pasternak Johnson
(620) 331-5510
Listed By:
Robert Pasternak
(620) 330-1976
Source:
Exprealty
Added: Sep 23, 2021
Changed: Aug 20
Last Checked: Sep 4 at 2:11PM
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 Coldwell Banker Pasternak Johnson
Investment Insights
Based on property information with market context.
Built in 1920 as the Commercial National Bank, this historic office building offers substantial existing space across the main level and basement. The structure is concrete throughout, including the roof and floors. Roof modifications were completed approximately 4–5 years ago with 30-year roofing, and Kawneer windows were installed in 1997. The property includes two elevators, with one originally and work to update the elevator planned for completion in September 2021. The basement includes functional work space and two bathrooms. There is also ADA entrance access and one ADA bathroom on the first floor, along with two walk-in safes, one of which is currently operational.
The building is heated with steam heat, and the boiler is inspected annually by the State with a boiler certificate. The boiler was replaced in 1994. The property is currently 50% occupied and features large office rooms, including space that was formerly used as a pharmacy and a restaurant area. Additional details and financials are available to qualified buyers.
The building is heated with steam heat, and the boiler is inspected annually by the State with a boiler certificate. The boiler was replaced in 1994. The property is currently 50% occupied and features large office rooms, including space that was formerly used as a pharmacy and a restaurant area. Additional details and financials are available to qualified buyers.
Key Highlights
- Historic building erected in 1920 as the Commercial National Bank, with 36,000+ SF above grade and 52,000 SF total including basement
- Concrete throughout, including roof and floors; modified roofs installed approx. 4–5 years ago with 30‑year roof warranty
- Kawneer windows installed in 1997 at approx. $500,000 cost
Property Analytics
Property Profile
Current Use
Lease Details
50%
Occupancy
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Historic concrete office building with ADA access, steam heat, and two elevators, with partially occupied space available.
Where is this office building located?
The property is located at 201 N Penn Ave Independence, KS.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Historic building erected in 1920 as the Commercial National Bank, with 36,000+ SF above grade and 52,000 SF total including basement; Concrete throughout, including roof and floors; modified roofs installed approx. 4–5 years ago with 30‑year roof warranty; Kawneer windows installed in 1997 at approx. $500,000 cost
