Property profile

324 Main St Independence, MO 64050

OFF-MARKET
Office buildings
Property ID
US48-0566692
840 SF 0.06 ac lot Built 1923
Individually Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This fully remodeled office building at 324 S Main Street, Independence, MO, presents a fantastic opportunity for a business seeking a prime location. The 149,000 USD property sits on a 0.06-acre lot and is ideally situated near Independence Square, offering excellent visibility and accessibility. The building's interior has been completely updated and is currently configured as a law office, featuring a spacious conference room perfect for client meetings or collaborative work. Three individual offices provide ample private workspace for staff or professionals. A convenient kitchen area is included for employee use, along with a full bathroom. Additional storage space is available in a small attic. Significant recent improvements include a new HVAC system installed three years ago and a new roof installed two years ago, ensuring low maintenance costs and energy efficiency for years to come. Ample parking is available, a significant advantage in a bustling downtown area. This property is move-in ready and represents an exceptional value for a business seeking a well-maintained, conveniently located office space in the heart of Independence. The building's versatile layout makes it suitable for a variety of professional uses. Don't miss this chance to own a piece of Independence's vibrant downtown.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1923
Construction WOOD
Total area 840 SF
Lot 0.06 ac (2,614 SF)
APN 26-230-35-01
UPID US48-0566692

Cap rate & NOI

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

Location

324 Main St Independence, MO 64050-3811
Independence metro Census 11601 KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2007
Price N/A

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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