211 Myrtle StIndependence, KS 67301

Property Details for 211 Myrtle St

Year built

1920

Construction

FRAME

Lot size

0.16 AC

Property size (Sq ft)

11,600 SF

Property type

Office buildings

APN

099-31-0-20-09-002.00-0

APU

993102009002000

Description

This remarkable 7,000-square-foot commercial property at 211 West Myrtle Street in Independence, Kansas, presents a unique investment opportunity. A designated historical landmark, this building boasts a rich history, having served as a car dealership, bowling alley, and dance hall throughout the 20th century. The stunning entryway features a grand light fixture, tile flooring, and impressive windows, setting the tone for the entire space. A mezzanine level with hardwood floors offers a unique perspective of the main floor. The second floor includes a fully equipped kitchen, ample storage, men's and women's restrooms, a large hallway, and sixteen offices. Newer windows enhance the second-floor efficiency. Downstairs, a three-quarter bathroom with a shower and substantial storage are accessible from the alley. The building's overall condition is excellent, and its C-Commercial and Industrial zoning provides versatility. The county records indicate a total square footage of 7,000. This property is a rare find, combining historical charm with modern functionality, making it ideal for a variety of commercial uses. The original sign from the Petersons' bowling alley and grill remains in a conference room, a testament to the building's captivating past. This is a truly exceptional opportunity to own a piece of Independence's history. The property includes both office space and land, offering significant potential for future development or expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $1,011,193

  6.5%

  $933,409

  7%

  $866,737

• Comparable approach

  Method

  Valuation

  Relative Method

  $829,748

  Geo Method

  $829,748

• Alternative Use

  Use

  Valuation

  Residential

  $1,157,428

  Hospitality

  $1,060,197

  Educational

  $882,072

  Medical

  $912,408

  Retail

  $1,372,112

Location Insight

City

Independence

County

Montgomery

State

Kansas

Latitude

37.2241

Longitude

-95.7087

CBSA code

17700

CBSA name

COFFEYVILLE, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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