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Property profile

16131 23Rd St Independence, MO 64055

OFF-MARKET
Land
Property ID
US48-0431110
9 ac lot
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Property summary

AI-generated overview

This exceptional 9-acre commercial land parcel is ideally situated on East 23rd Street in Independence, Missouri, directly adjacent to an Aldi grocery store. The high-traffic location is surrounded by thriving businesses, ensuring excellent visibility and accessibility. The property includes a 3-bedroom, 1-bathroom farmhouse built in 1938, currently occupied by a tenant who will vacate upon sale. Approximately 940 square feet in the rear of the parcel is zoned R-6 residential. All necessary due diligence with the City of Independence has been completed, simplifying the acquisition process for the buyer. This land, held by the same family for a century, presents a unique opportunity for development or investment. Its strategic location and substantial size offer significant potential for a variety of commercial ventures. The property's history and current zoning provide a solid foundation for future projects. The existing farmhouse, while older, could be repurposed or removed to accommodate new construction. This is a rare chance to acquire a large, well-located commercial tract in a growing area. The zip code is 64055, and the property is located in Jackson County.

Property profile

Verified
Property type Land
Lot 9 ac (392,040 SF)
UPID US48-0431110

Cap rate & NOI

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

Location

16131 23Rd St Independence, MO 64055
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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