301 M 291 Hwy Independence, MO 64056
This exceptional 0.96-acre property at 301 N M 291 Highway in Independence, MO, presents a remarkable opportunity for a variety of businesses. Priced at $399,000, the building, formerly a restaurant, has undergone a complete transformation. The interior and exterior have been freshly painted, boasting a new roof, hot water tank, ductwork, stucco, plumbing, windows, electrical panel, and wiring. The interior features two sinks, a prep table, two restrooms, and a dedicated office area, along with emergency lighting. A significant advantage is the inclusion of an in-ground grease interceptor with a check valve. Ample parking is available thanks to a large parking lot. The property's versatility is further enhanced by the inclusion of a second, sizable parcel, opening possibilities for new construction or expansion. The seller is open to financing options, making this an even more attractive proposition. This renovated building is ready for immediate occupancy and is ideally suited for uses such as insurance offices, salons, convenience stores, or barber shops. Don't miss this chance to acquire a turn-key property with significant upside potential in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.