206 Main St Independence, MO 64050-2805

This exceptional mixed-use property, located at 206 & 208 N Main Street in Independence, Missouri, presents a unique investment opportunity. Built in 1890, this two-story building sits on a substantial 26,910 square foot lot in a bustling downtown square. Currently configured as a thriving commercial space, the ground floor houses an established bar and restaurant. The upper level offers a diverse range of income-generating spaces, including a recently updated two-bedroom residential/Airbnb unit, a photography studio, a small makeup studio, and two massage therapist offices. Additionally, there is a therapist's office. Two vacant rental units provide immediate potential for increased revenue. The property boasts a well-maintained structure, with a new roof installed in 2019 on one section and 2021 on the other. The asking price is $605,000, offering a strong cash-on-cash return from day one, even without the two currently vacant units being leased. This prime location and diverse income streams make this a truly exceptional investment opportunity. The property's history and current configuration provide a unique blend of established businesses and potential for future growth.