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107 N Pennsylvania Ave, Independence, KS, 67301

--beds
0baths
5,000sqft
$520,000
$104price/sqft
$4,650/moest. monthly cost
$186,000/yrincome needed

About This Home

Founders Place | Prime Downtown Independence Investment Opportunity Welcome to Founders Place — an exciting opportunity to own not only a well-established operating business, but also a highly visible commercial building in the heart of downtown Independence. Whether you're an investor looking to expand your portfolio or an entrepreneur searching for a property with built-in income potential, this one offers flexibility, character, and room for growth. This multi-use commercial property features several office spaces that are currently rented, providing immediate income while still leaving opportunity for future expansion. The building includes bathrooms on both the first and second floors, a basement for additional storage or operational space, and convenient parking for tenants and visitors. With excellent curb appeal and strong street visibility, Founders Place is positioned in a location that naturally draws attention and traffic. One of the most exciting features of this property is the additional upside potential. Three units are currently under construction and awaiting your final touch, allowing the next owner to customize the spaces to fit their vision — whether that means additional office rentals, retail, boutique space, creative studios, or expanded business opportunities. The groundwork has already begun, leaving endless possibilities for growth and added income. If you've been searching for a turnkey commercial investment with existing rental income, future development opportunity, and a prominent downtown presence, Founders Place deserves a closer look. Property Highlights: Operating business and commercial building being sold together Multiple office spaces currently leased/rented Income-producing opportunity from day one Three additional units under construction and ready for your finishing touches Bathrooms on both the first and second floors Basement for storage or additional functional space Convenient parking for tenants and customers Excellent curb appeal and strong street presence High visibility location in downtown Independence Endless opportunities for continued growth and investment potential For more information or to schedule a private showing, contact: with L2 Realty, Inc.

Getting Around

80
WalkingVery Walkable
0
TransitVery Limited Transit
50
BikeBikeable

Schools

--
5/10
6/10

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Other

Interior

Interior Area

  • Total structure area: 5,000
  • Total interior livable area: 5,000 sqft

Property

Lot

  • Lot size: 6,098 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Strong Wind
Tornado
Winter Weather
Hail
Heat Wave
Inland Flooding
Ice Storm

FEMA Declared Disasters Across Kansas Counties

Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,629$31,548
Home Insurance *$946$11,352
Property Taxes $676$8,112
Electricity $399$4,790
Total$4,650$55,800
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$159,428/yr
40% on housing$139,500/yr
45% on housing$124,000/yr

Kansas FAIR Plan Programs

Kansas All-Industry Placement Facility

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 11,507Commercial: 209
Total Premiums$9.41M
Total Exposure$949,000

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.0%
5.0%
0%30.0%
Electricity Growth Rate10-year average: 1.6%
1.6%
0%15.0%
Property Taxes Growth Rate2-year average: 8.9%
8.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$104This listing

vs Other Active Listings

Avg $/sqft

ZIP 67301$90
Montgomery County$87

vs Homes Sold Last Month

Median $/sqft

ZIP 67301$86
Montgomery County$70

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-20Listed for sale$520,000

For Sale by Agent

AgentJamie Reister
BrokerageL2 Realty, Inc - Land and Lifestyle Properties

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