11411 23rd S St, Independence, MO 64052-3627
This exceptional investment opportunity presents a portfolio sale encompassing two buildings situated at 11411 and 11413-11417 E 23rd Street in Independence, Missouri, 64052. The asking price for this package is $545,000. The main building (11413-11417) and a substantial secondary building (11411) are both included in this sale. Building 11411, a single-story storefront structure built in 1980, sits on an 11,326 square foot lot and features a large, currently unused basement walkout space. The portfolio boasts a diverse mix of six tenants, ensuring 100% occupancy. Amenities include nearly 20 parking spaces and a wheelchair-accessible ramp. This property is ideal for investors seeking to expand their commercial holdings in a thriving location. The diverse tenant mix ranges from a barbershop to a thrift store, indicating a strong and stable rental income stream. The significant unused basement space in the secondary building presents a unique opportunity for expansion or value-add improvements. This is a rare chance to acquire a well-located, fully occupied commercial property portfolio in a desirable area of Independence, Missouri.
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10-42 Construction Construction Company
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Iglesia Pentecostal Fuego Y Avivamiento Church
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Localatte KC Take-out & Catering Cafe & Coffee Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.