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5001 Independence Ave, Kansas City, MO 64124
Two buildings totaling 13,918 SF on 0.38 acres.
Property Size13,918 SF
Lot Size0.38 Acres
Price / SF$19.04
Days on Market664
Property Features for 5001 Independence Ave
General Information
Standard status
Active
Size
13,918 SF
Class
B
Lot size
0.38 Acres
Property subtype
Multifamily, Office, Senior Living, Special Purpose
Zoning
B3-2/ICO
Investment Type
Value Add
Building Details
Year Built
1981
Buildings
2
Stories
2
Units
8
Listing Agency:
KW Commercial Prairie Village
Listed By:
Ben Hassine · License #2021003276
Source:
Crexi
Added: Nov 7, 2024
Changed: Aug 23
Last Checked: Aug 29 at 12:39PM
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 KW Commercial Prairie Village
Investment Insights
Based on property information with market context.
This property, located at 5001 Independence Ave in Kansas City, MO, presents a prime investment opportunity. The property includes two buildings totaling 13,918 square feet on a 0.38-acre lot. The layout features a church space and seven office units across two stories. This versatile property is suitable for various uses, including religious organizations, office rentals, multifamily housing, and senior living facilities. Currently vacant, this property offers a projected pro-forma CAP of 14.78%. Situated in an Opportunity Zone, the property is eligible for city grants and incentives, including Community Improvement District (CID) sales tax and Tax Increment Financing (TIF) programs. The location benefits from high traffic, strong community demographics, excellent accessibility, and flexible zoning. The property has robust income potential and city-supported growth incentives.
Key Highlights
- Priced at $32/SF, significantly below market value.
- Projected pro‑forma CAP rate of 14.78%, indicating high‑yield potential.
- Located in an Opportunity Zone, eligible for city grants and incentives.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
Demographics for 64124, MO
12,754
Population
4,914
Households
2.6
Avg Household Size
31
Median Age
17%
College-Educated
71%
High-School Grad
1.7 sq mi
ZIP Area
7,502
Density / Sq Mi
$46,384
Median Household Income
$32,080
Median Earnings
$954
Median Rent
$109,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings totaling 13,918 SF on 0.38 acres.
Where is this mixed-use property located?
The property is located at 5001 Independence Ave Kansas City, MO.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Priced at $32/SF, significantly below market value.; Projected pro‑forma CAP rate of 14.78%, indicating high‑yield potential.; Located in an Opportunity Zone, eligible for city grants and incentives.
