10205 18Th StIndependence, MO 64052

Property Details for 10205 18Th St

Year built

1935

Construction

WOOD

Lot size

0.30 AC

Property size (Sq ft)

1,221 SF

Property type

Retail space

APN

27-620-06-10

APU

276200610

Description

This exceptional Independence, MO property offers 7,222 sq ft of commercial space, perfect for retail, office, or a boutique, plus an adjoining residential dwelling with bedrooms, two half baths, a living area, and kitchen. Built in 1935, this single-story building sits on a 13,070 sq ft lot in the 64052 zip code. Ample parking is available. The property presents a unique live-work opportunity, allowing for owner-operator convenience or supplemental rental income from leasing the commercial space and/or residence separately. This is an ideal investment for entrepreneurs or those seeking a profitable blend of commercial and residential uses. The asking price is $275,000. This property offers limitless possibilities for business owners and investors alike.

• CAP approach

  CAP return

  Valuation

  6%

  $336,445

  6.5%

  $310,564

  7%

  $288,381

• Comparable approach

  Method

  Valuation

  Relative Method

  $220,092

  Geo Method

  $220,092

• Alternative Use

  Use

  Valuation

  Residential

  $261,973

  Hospitality

  $239,966

  Educational

  $199,649

  Medical

  $206,515

  Retail

  $310,564

Location Insight

City

Independence

County

Jackson

State

Missouri

Latitude

39.0878

Longitude

-94.4571

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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