206 Main StIndependence, MO 64050

For Sale
$605,000

Historic building, high income potential, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 206 & 208 N Main Street in Independence, Missouri, presents a unique investment opportunity. Built in 1890, this two-story building sits on a substantial 26,910 square foot lot in a bustling downtown square. Currently configured as a thriving commercial space, the ground floor houses an established bar and restaurant. The upper level offers a diverse range of income-generating spaces, including a recently updated two-bedroom residential/Airbnb unit, a photography studio, a small makeup studio, and two massage therapist offices. Additionally, there is a therapist's office. Two vacant rental units provide immediate potential for increased revenue. The property boasts a well-maintained structure, with a new roof installed in 2019 on one section and 2021 on the other. The asking price is $605,000, offering a strong cash-on-cash return from day one, even without the two currently vacant units being leased. This prime location and diverse income streams make this a truly exceptional investment opportunity. The property's history and current configuration provide a unique blend of established businesses and potential for future growth.

Highlights

  • Exceptional mixed-use investment opportunity in Independence, MO.
  • Two-story building on a 26,910 SF lot in the downtown square.
  • Ground floor occupied by established bar and restaurant.
  • Upper level features diverse income-producing spaces including a 2-bedroom residential/Airbnb unit, photography studio, makeup studio, and massage therapist offices.
  • Two vacant units offer immediate upside potential.
  • New roof (sections installed in 2019 & 2021).

Property Details for 206 Main St

Property type
Other retail properties, Restaurants
Year Built
1890
Stories
2

Location Insight

City
Independence
County
Jackson
State
Missouri
Latitude
39.0931089
Longitude
-94.4158687
206 Main St, Independence, Missouri

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
206 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message