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Chrisman Plaza S/C 405-523 E 24 Hwy 62,931 SF 90% Leased Retail Building Independence, MO 64050 $2,375,000 ($37.74/SF) 7% Cap Rate
EXECUTIVE SUMMARY
94% Occupied Neighborhood Shopping Center
Excellent “Upside”
New Roofs and Parking Lot in 2020
17,200 CPD on 24 Highway
Directly across from William Chrisman High School
Recent Renewals with multiple Tenants
FORMER DRY CLEANER SPACE IS BEING REMEDIATED. DO NOT INQUIRE IF YOUR BANK WILL NOT ALLOW YOU TO MOVE FORWARD WITHOUT AN NFA. SELLER IS CURRENTLY WORKING WITH AN ENVIRONMENTAL ENGINEER TO CLEAN UP AND THE PROCESS SHOULD BE COMPLETED IN EARLY 2026.
Excellent “Upside”
New Roofs and Parking Lot in 2020
17,200 CPD on 24 Highway
Directly across from William Chrisman High School
Recent Renewals with multiple Tenants
FORMER DRY CLEANER SPACE IS BEING REMEDIATED. DO NOT INQUIRE IF YOUR BANK WILL NOT ALLOW YOU TO MOVE FORWARD WITHOUT AN NFA. SELLER IS CURRENTLY WORKING WITH AN ENVIRONMENTAL ENGINEER TO CLEAN UP AND THE PROCESS SHOULD BE COMPLETED IN EARLY 2026.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
62,931 SF
Building Class
C
Year Built
1967
Price
$2,375,000
Price Per SF
$37.74
Cap Rate
7%
NOI
$166,278
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.16
Lot Size
9.00 AC
Parking
441 Spaces (5.66 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 501
- 1,800 SF
- Retail
- In-Line
- Now
Truman Medical plans to vacate upon their 5/31/25 expiration. Pizza Street occupied years ago; space could accommodate a restaurant. Stand-alone building across from Chrisman High School with great co-tenancy.
| Space | Size | Space Use | Position | Available |
| 501 | 1,800 SF | Retail | In-Line | Now |
| 529 | 4,250 SF | Retail | Outparcel | Now |
501
| Size |
| 1,800 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
529
| Size |
| 4,250 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
529
| Size | 4,250 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
Truman Medical plans to vacate upon their 5/31/25 expiration. Pizza Street occupied years ago; space could accommodate a restaurant. Stand-alone building across from Chrisman High School with great co-tenancy.
PROPERTY TAXES
| Parcel Number | 26-210-03-36-00-0-00-000 | Improvements Assessment | $611,200 |
| Land Assessment | $148,800 | Total Assessment | $760,000 |
PROPERTY TAXES
Parcel Number
26-210-03-36-00-0-00-000
Land Assessment
$148,800
Improvements Assessment
$611,200
Total Assessment
$760,000
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Chrisman Plaza S/C | 405-523 E 24 Hwy
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