Restaurant Building with Kitchen
For Sale
Contact for pricing
301 E 23rd St S, Independence, MO 64055
Restaurant-ready building with grease trap, kitchen plumbing, private restroom, and on-site parking.
Property Size595 SF
Price / SF$210.08
Days on Market56
Property Features for 301 E 23rd St S
General Information
Standard status
Active
Size
595 SF
Class
C
Total Parking Spaces
7
Property subtype
Retail, Office, Special Purpose
Restaurant
Hood Type
Type I
Commercial Hood
Yes
Grease Trap
Yes
Additional Details
Furnished
Yes
Asking Price
$199,000
Amenities
private restroom
Building Details
Year Built
1962
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Haith & Company Realtors
Listed By:
Josh Haith · License #2011012354
(913) 888-3456
Source:
Crexi
Added: Aug 20
Changed: Oct 5
Last Checked: Oct 12 at 7:16PM
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 Haith & Company Realtors
Investment Insights
Based on property information with market context.
This 595-square-foot restaurant property, built in 1962, is configured for food service use with a new grease trap, stubbed kitchen plumbing, and a new water heater. The building also includes a private restroom and space for building signage.
Seven parking spaces support customer and staff access. Located at 301 E 23rd St S in Independence, Missouri, the property provides a compact footprint for a restaurant or other food service operation.
Seven parking spaces support customer and staff access. Located at 301 E 23rd St S in Independence, Missouri, the property provides a compact footprint for a restaurant or other food service operation.
Key Highlights
- 595 SF restaurant building built in 1962
- New grease trap and stubbed kitchen plumbing
- New water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,225
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,500
$164.5K
Cap Rate 7%
$117,500
$117.5K
Cap Rate 9%
$91,389
$91.4K
Market Conditions
NOI Build-Up for 595 SF
Gross rent
$11.4K $19.20/SF
− Vacancy
−$457 −$0.77/SF
EGI
$11.0K $18.43/SF
− OpEx
−$2.7K −$4.61/SF
NOI
$8.2K $13.82/SF
Area
Independence, MO
Vacancy
4.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,500
Cap Rate 7%
$117,500
Cap Rate 9%
$91,389
Alternative Uses
Best Use
Specialty Retail
$117.5K
$102.8K – $137.1K
NOI $8,225 @ 7.0% cap · market cap 6.58%
Second Best
Retail
$102.8K
$90.0K – $120.0K
NOI $7,197 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$175.8K
$153.9K – $205.2K
NOI $12,309 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
103k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 49%
QuikTrip
Shops & Services
46,846 visits/mo
0.0 miles
McDonald's
Dining
24,449 visits/mo
0.0 miles
Taco Bell
Dining
10,737 visits/mo
0.1 miles
Captain D's
Dining
5,493 visits/mo
0.1 miles
KFC
Dining
5,459 visits/mo
0.2 miles
Demographics for 64055, MO
36,225
Population
16,900
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
93%
High-School Grad
12.5 sq mi
ZIP Area
2,898
Density / Sq Mi
$64,646
Median Household Income
$42,121
Median Earnings
$1,098
Median Rent
$173,400
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant-ready building with grease trap, kitchen plumbing, private restroom, and on-site parking.
Where is this conventional restaurant located?
The property is located at 301 E 23rd St S Independence, MO.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 595 SF restaurant building built in 1962; New grease trap and stubbed kitchen plumbing; New water heater
