Brick Storefront with Covered
For Sale
$189,900
217 S Main Street, Independence, MO 64050
The single-story layout includes a reception area, a flexible office or treatment room, and separate private and public restrooms.
Property Size956 SF
Price / SF$198.64
Days on Market32
Property Features for 217 S Main Street
General Information
Standard status
Active
Size
956 SF
Property subtype
Retail
Site & Location
Neighborhood
Heart of Independence
Road Access
Yes
Amenities
welcoming reception area
versatile office/treatment room
utility space with tankless water heater
private entrance
durable epoxy-coated concrete floors
private and public restrooms
driveway
ample on-site parking
covered side patio
Building Details
Year Built
1920
Buildings
1
Stories
1
Construction
brick
Listing Agency:
Keller Williams Southland
(816) 331-2323
Listed By:
SNP REAL ESTATE GROUP
(816) 301-7805
Source:
Legendaryapartmentbrokers
Added: Sep 28
Changed: Oct 28
Last Checked: Oct 28 at 3:54PM
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 Southland
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 956-square-foot, single-story brick storefront dates to 1920. Its interior includes a reception area, an office or treatment room, utility space with a tankless water heater, and epoxy-coated concrete flooring. A private entrance and both private and public restrooms serve the space.
Outside, the property has a driveway, on-site parking, and a covered patio along the side. Independence Square is a few blocks away. The tenant is scheduled to vacate on October 31, 2026.
Outside, the property has a driveway, on-site parking, and a covered patio along the side. Independence Square is a few blocks away. The tenant is scheduled to vacate on October 31, 2026.
Key Highlights
- 956 square feet in a single‑story brick building
- Built in 1920
- Reception area, office or treatment room, and utility space with tankless water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,564
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,280
$231.3K
Cap Rate 7%
$165,200
$165.2K
Cap Rate 9%
$128,489
$128.5K
Market Conditions
NOI Build-Up for 956 SF
Gross rent
$17.2K $18.00/SF
− Vacancy
−$688 −$0.72/SF
EGI
$16.5K $17.28/SF
− OpEx
−$5.0K −$5.18/SF
NOI
$11.6K $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%
$231,280
Cap Rate 7%
$165,200
Cap Rate 9%
$128,489
Alternative Uses
Best Use
Retail
$165.2K
$144.6K – $192.7K
NOI $11,564 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.5K
$247.2K – $329.6K
NOI $19,778 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
959
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
Frequently Asked Questions
What type of property is this?
Storefront property - The single-story layout includes a reception area, a flexible office or treatment room, and separate private and public restrooms.
Where is this storefront property located?
The property is located at 217 S Main Street Independence, MO.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 956 square feet in a single‑story brick building; Built in 1920; Reception area, office or treatment room, and utility space with tankless water heater
