201 Pennsylvania Ave Independence, KS 67301

Property Details for 201 Pennsylvania Ave

Year built

1920

Lot size

0.23 lot acres

Property type

Commercial real estate

Description

This exceptional commercial property, located at 201 N Pennsylvania Avenue in Independence, Kansas, presents a unique investment opportunity. Originally constructed in 1920 as the Commercial National Bank, this landmark building boasts a substantial 52,000 square feet of space, including a fully functional basement. The entire structure, from its concrete floors and roof to its robust foundation, showcases exceptional craftsmanship. Significant upgrades have been implemented in recent years, including the installation of modified 30-year roofs approximately four to five years ago by Bateson Roofing and the replacement of windows with Kawneer units in 1997 (approximately $500,000 investment). The building features two elevators, one original and one recently updated (work completed September 2021). The basement offers ample workspace and includes two bathrooms. Accessibility is ensured with an ADA-compliant entrance and bathroom on the first floor. Two walk-in safes remain, one fully operational. Architectural details, such as the ornate ceilings and the impressive former boardroom, add to the building's historical charm. The building's heating system utilizes steam heat, with the boiler (replaced in 1994) annually inspected and certified by the state. Currently, the building is 50% occupied, offering significant potential for lease income. Large office spaces are available, including the former pharmacy and restaurant areas. Detailed financial information is available upon request to qualified buyers.

Location Insight

City

Independence

County

Montgomery, KS

State

Kansas

Longitude

-95.7071

Latitude

37.2246