11312 23Rd StIndependence, MO 64052

Property Details for 11312 23Rd St

Year built

1955

Construction

FRAME

Lot size

0.30 AC

Property size (Sq ft)

1,200 SF

Property type

Retail space

APN

27-610-23-25

APU

276102325

Description

This exceptional two-story brick building at 11312 E 23rd Street, Independence, MO, offers 0.3 acres of prime commercial real estate. Boasting a flexible layout perfect for retail, professional services, or creative studios, this property underwent over $286,000 in recent upgrades. The main floor features a reception area, spacious open space, storage, laundry, and a bathroom. Upstairs, find hardwood floors, a wet bar, three private offices, a conference room, and another bathroom, with a separate stairwell entry allowing for dual occupancy. Exterior improvements include a newly paved (2023) 15-space parking lot and a two-car garage pre-wired for security cameras. Modern upgrades encompass a new roof (2020), HVAC system, 200-amp electrical service, updated plumbing, and premium finishes. An advanced security system with eight ADT cameras, VOIP phone systems, and wall-mounted TVs are included. This high-visibility location in a bustling business district presents a turnkey opportunity for investors and business owners alike. The property's versatility and extensive renovations make it an ideal investment.

• CAP approach

  CAP return

  Valuation

  6%

  $330,658

  6.5%

  $305,223

  7%

  $283,421

• Comparable approach

  Method

  Valuation

  Relative Method

  $216,307

  Geo Method

  $216,307

• Alternative Use

  Use

  Valuation

  Residential

  $257,467

  Hospitality

  $235,838

  Educational

  $196,215

  Medical

  $202,963

  Retail

  $305,223

Location Insight

City

Independence

County

Jackson

State

Missouri

Latitude

39.0806

Longitude

-94.4435

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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