106 Main St Blue Springs, MO 64029
- Retail space
- 720 SF
- 0.40 lot acres
Current Use by Public Records
- Retail space
Property Details for 106 Main St
- Year built
- 1972
- Construction
- WOOD
- Lot size
- 0.40 lot acres
- Property size
- 720 SF
- Property type
- Retail space
- APN
- 37-830-07-20
- APU
- 378300720
Description
This exceptional investment opportunity in Grain Valley, MO, presents a versatile 27,753 sq ft property at 106 NW Main Street, listed at $285,000. The property boasts a prime Main Street location, ensuring high visibility and attracting potential tenants. The 1-story, 1963-built building includes a three-bedroom, two-bathroom home with a full basement, suitable for various uses such as an office, boutique, or daycare. Two additional detached brick business suites, each with a private entrance, half bath, and HVAC, offer further flexibility. One suite previously housed a barbershop, retaining water hookups. The second suite is currently used as a recreational space. The sale encompasses two parcels: a .403-acre commercially zoned C2 lot (front) and a .23-acre residentially zoned lot (rear). This unique combination provides options for owner-operators or commercial rental investors. Nearby new developments, including retail and a fully leased apartment complex, suggest increasing property values. Buyers are responsible for verifying all measurements and tax information. This property offers significant potential for long-term growth and rental income.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $345,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $335,000
- 6.5%
- $335,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $340,000
- Mixed-Use
- $405,000
- Hospitality
- $320,000
- Educational
- $345,000
- Residential Income
- $310,000
- Energy
- $365,000
- Income-Based Land
- $330,000
- Food Service
- $345,000
Location Insight
- Map
- Local Demand
- City
- Grain Valley
- County
- Jackson
- State
- Missouri
- Longitude
- -94.1987
- Latitude
- 39.0111
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA