Independence, MO
Commercial Real Estate Market Trends & Data

$233 Avg asking sale price
$12,464 Avg asking lease rate
59,525 SF Avg unit lease size
15,339 SF Avg building size for sale
7.26% Average cap rate

Independence's Demographic Profile

Independence has 48,585 households and a median income of $58,906, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 117,321
# Households 48,585
Median age 41
Median household income $58,906
Avg household size 2.0
Renter-occupied housing units 19,283
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Independence, MO

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Independence $219 14,686 SF
Sugar Creek $39 9,827 SF
Buckner $77 1,300 SF
Lake Tapawingo $120 7,500 SF
Blue Springs $800 13,782 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Raytown $158 19,442 SF 9.89%
Kansas City $131 27,329 SF 9.89%
Excelsior Springs $149 7,694 SF 7.69%

Commercial Properties For Sale in Independence

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Go Car Wash

Kansas City, MO 64133

  • 3,418 SF Specialty
  • 6.75% Cap Rate
  • $4,095,575
For Sale

3901 Blue Ridge Cutoff

Kansas City, MO 64133

  • 9,000 SF Office Building
  • $1,500,000
For Sale

16519 E Truman Rd

Independence, MO 64050

  • 11,608 SF Industrial Building
  • $1,750,000
For Sale

Two Tracts By Bass Pro Drive

Independence, MO 64055

  • 14.15 AC Lot
  • 1 Commercial Lot
  • $1,200,000
For Sale

Slim Chickens - Independence, MO

Independence, MO 64055

  • 2,860 SF Retail Building
  • 6.55% Cap Rate
  • $2,647,985
For Sale

Eastland Retail Center

Independence, MO 64055

  • 12,080 SF Retail Building
  • 7.26% Cap Rate
  • $4,090,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Independence pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Independence $233 15,339 SF
Sugar Creek $135 5,079 SF
Buckner $86 2,505 SF
Lake Tapawingo $246 6,166 SF
Claycomo $149 7,112 SF

Regional Demographic Comparison

This comparison places Independence alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Independence or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Independence 117,321 48,585 41 $58,906 2 19,283 -1%
Buckner 2,824 1,076 38 $85,183 3 350 -1%
Lake Tapawingo 884 336 44 $99,999 3 29 -2%
Claycomo 1,695 763 40 $56,341 2 290 6%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Independence, MO and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Independence

View All Commercial Real Estate For Sale in Independence
Is Independence a good market for a first-time commercial real estate investor?

Independence offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Independence?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Independence. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Independence?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Independence. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Independence compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Independence. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Independence acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Independence, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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