11610 Truman RdIndependence, MO 64050

Property Details for 11610 Truman Rd

Year built

1966

Construction

WOOD

Lot size

2.94 AC

Property size (Sq ft)

5,400 SF

Property type

Office buildings

APN

26-320-13-35-02

APU

26320133502

Description

This exceptional commercial property, located at 11610 E Truman Road in Independence, Missouri, presents a rare opportunity for discerning businesses. The building, situated on a generous 2.94-acre lot, boasts a substantial amount of parking, eliminating any concerns about client or employee parking. The property's history as a bank lends it a unique architectural character, offering a distinctive and memorable space for your business. Inside, a fully operational elevator ensures convenient access to all levels. The expansive lot provides ample room for expansion or future development, making this a highly versatile property. The asking price is $850,000. This prime location in Independence offers excellent visibility and accessibility, making it an ideal setting for a variety of commercial ventures. The substantial size of the lot and the existing building provide a solid foundation for a successful business operation. The property's unique character and ample parking are significant advantages in today's competitive market. This is a chance to acquire a well-positioned commercial property with significant potential for growth and development. The building's history and features combine to create a truly distinctive and attractive commercial space. Don't miss this opportunity to secure a property with such strong potential. The substantial parking and convenient elevator add to the overall appeal and functionality of this exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,012,219

  6.5%

  $934,356

  7%

  $867,616

• Comparable approach

  Method

  Valuation

  Relative Method

  $386,262

  Geo Method

  $386,262

• Alternative Use

  Use

  Valuation

  Residential

  $1,158,601

  Hospitality

  $1,061,273

  Educational

  $882,966

  Medical

  $913,333

  Retail

  $1,373,503

Location Insight

City

Independence

County

Jackson

State

Missouri

Latitude

39.0968

Longitude

-94.437

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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