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    13621 40Th St Independence, MO 64055

    For Sale
    $750,000

    Freestanding Steak 'n Shake, high traffic location.

    Property size:
    3,724 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 3,724 square foot freestanding restaurant building situated on a 1.46-acre lot at 13621 E. 40th St, Independence, Missouri, 64055. Previously operated as a Steak 'n Shake, this property boasts a convenient drive-thru, making it ideal for a variety of food service concepts. The building is categorized as retail, offering a single tenancy. The asking price is $750,000, presenting a compelling owner/user investment opportunity. Located at the high-traffic intersection of 40 Highway and Noland Road, this property benefits from excellent visibility and accessibility. The surrounding area features a strong retail presence, including established businesses such as HyVee, Dollar General, and Furniture Deals, ensuring a robust customer base. The property's size and location make it a highly attractive prospect for entrepreneurs seeking a well-positioned restaurant space in a thriving commercial area of Jackson County, Missouri. This is a rare chance to acquire a turnkey restaurant property in a prime location with significant potential for growth and profitability. The property's history as a successful restaurant operation provides a solid foundation for future success.

    Property Features for 13621 40Th St

    General Information

    Property type
    Restaurants
    Square Feet
    3,724 SF
    Lot Size
    63,598 SF

    HighLights

    • Former restaurant with drive‑thru.
    • High traffic counts at the intersection of Highway 40 and Noland Road.
    • Strong co‑tenancy with Hy‑Vee, Dollar General, Furniture Deals, and other retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.4194548
    Latitude
    39.0353856

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    FAQs

    What type of property is this?
    Restaurant - Freestanding Steak 'n Shake, high traffic location.
    Where is this restaurant located?
    The property is located at 13621 40Th St Independence, MO.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Former restaurant with drive-thru.; High traffic counts at the intersection of Highway 40 and Noland Road.; Strong co-tenancy with Hy-Vee, Dollar General, Furniture Deals, and other retailers.
    Request Owner's contact information
    13621 40Th St Independence, MO 64055
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    Independence, MO 64055
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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
    13621 40Th St Independence, MO 64055
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