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Updated Mixed-Use Property
For Sale
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Pending

224 N Penn Ave, Independence, KS 67301

Separate front and rear buildings include business space, restaurant-ready space, and an updated one-bedroom apartment with private entry.

Property SizeContact for details
Days on Market142

Property Features for 224 N Penn Ave

General Information

Standard status Pending
Property subtype Special Purpose

Building Details

Buildings 2
Listing Agency: Coldwell Banker Pasternak Johnson
Listed By: Susan Ward · License #KS
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 12:05AM

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.

The property includes a front building with updated interior space and a large one-bedroom apartment positioned above it. The apartment has its own entrance and is also updated. A separate rear building is configured for restaurant use, creating distinct spaces within the overall property.

The front and rear buildings can be separated, allowing the components to function independently. The layout combines commercial space, restaurant-ready improvements, and residential accommodation at 224 N Penn Ave in Independence, Kansas.

Key Highlights

  • Front building includes updated commercial space and a large one‑bedroom apartment
  • Rear building is ready for restaurant use
  • Apartment has a private entrance and updated interior

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Skin Care Clinic Big Box & Wholesale Store Locksmith Electrical Service (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

755
Businesses Nearby
104k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 76% Shops & Services 22% Home Improvements & Furnishings 2%
Braum's Ice Cream & Dairy Stores Dining
20,474 visits/mo 0.4 miles
McDonald's Dining
15,260 visits/mo 0.3 miles
Phillips 66 Shops & Services
14,172 visits/mo 0.3 miles
Taco Bell Dining
10,046 visits/mo 0.3 miles
SONIC Drive In Dining
8,552 visits/mo 0.3 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Separate front and rear buildings include business space, restaurant-ready space, and an updated one-bedroom apartment with private entry.
Where is this mixed-use property located?
The property is located at 224 N Penn Ave Independence, KS.
What are key features of this property?
This property features: Front building includes updated commercial space and a large one‑bedroom apartment; Rear building is ready for restaurant use; Apartment has a private entrance and updated interior
More about this property
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