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    1106 23Rd St Independence, MO 64050

    Sponsored
    For Sale
    $550,000

    1.23 Acres, $550,000 Asking Price

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.23-acre commercial land parcel presents a remarkable investment opportunity in Independence, Missouri. Located at 1106 E 23rd Street S, this property boasts a highly desirable location within Jackson County, offering excellent potential for a variety of commercial ventures. The expansive lot size provides ample space for development, allowing for significant flexibility in design and construction. The asking price is $550,000, representing a compelling value in the current market. Situated in the 64050 zip code, this property benefits from convenient access to major transportation routes, ensuring easy accessibility for both employees and customers. Its strategic location within Independence offers proximity to a thriving business community and a robust local economy. The property's zoning and permitted uses should be independently verified to ensure compatibility with your specific development plans. This is an exceptional opportunity to acquire a substantial commercial land parcel in a prime location, ideal for those seeking to establish a new business or expand an existing operation. Serious inquiries are encouraged to explore the full potential of this valuable asset. The geographic coordinates are 39.1024788 latitude and -94.4079213 longitude.

    Property Features for 1106 23Rd St

    General Information

    Property type
    Land
    Lot Size
    53,579 SF

    HighLights

    • 1.23‑acre commercial land parcel in Independence, MO.
    • Located at 1106 E 23rd Street S, Jackson County.
    • $550,000 asking price.
    • Convenient access to major transportation routes in zip code 64050.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.4079213
    Latitude
    39.1024788

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    FAQs

    What type of property is this?
    Land - 1.23 Acres, $550,000 Asking Price
    Where is this land located?
    The property is located at 1106 23Rd St Independence, MO.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 1.23-acre commercial land parcel in Independence, MO.; Located at 1106 E 23rd Street S, Jackson County.; $550,000 asking price.
    Request Owner's contact information
    1106 23Rd St Independence, MO 64050
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    Independence, MO 64050
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1106 23Rd St Independence, MO 64050
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