Property profile

11413-11417 23Rd St Independence, MO 64052

OFF-MARKET
Retail properties & Spaces
Built 1966
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Property summary

AI-generated overview

This exceptional commercial investment opportunity presents a portfolio of two buildings totaling 11413-11417 E 23rd Street and 11411 E 23rd Street in Independence, Missouri, 64052. The asking price for this package deal is $545,000. The primary building, 11413-11417 E 23rd Street, is a single-story, 1966-built structure situated on a substantial 16,117 square foot lot. Currently, the portfolio boasts a diverse mix of six tenants, ensuring a stable income stream. The property features convenient amenities including nearly 20 parking spaces and a wheelchair-accessible ramp. The secondary building, 11411 E 23rd Street, offers a significant amount of undeveloped basement walkout space, presenting potential for future expansion or repurposing. This property is ideal for investors seeking a well-occupied, multi-tenant retail portfolio in a desirable location. The property is classified as retail and office space, with subtypes including storefront, executive office, salon/barbershop, and other business uses. This is a bulk/portfolio sale, offering a unique chance to acquire a substantial commercial property with significant upside potential. The property's location in Jackson County provides easy access to major transportation routes and a thriving local market. Don't miss this chance to add a high-performing asset to your investment portfolio.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1966

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11413-11417 23Rd St Independence, MO 64052
Independence metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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