NOT LISTED FOR SALE

113 N Madison St Raymore, MO 64083

Studio
-- Bath
3,020 Sq Ft
0.46 Acres

Last Sold May 28, 2021

86 Days on Market

Highlights

  • Business Center
  • Paved or Partially Paved Lot
  • 1-Story Property
  • Raymore Elementary School Rated A-

About This Home

As of May 2021

GREAT INVESTMENT OPPORTUNITY. Retail area is currently leased out to a Flower Shop. Shop is in great condition. One bathroom. Car Wash is leased separately to a different tenant. Car Wash is the only Car Wash in Raymore with heated concrete. 3 bays, newer vacuums installed, utility/storage room. All equipment is property of the building not tenant. Entire building has newer roof and HVAC system. Private parking lot. Seller pays zero utilities. Just taxes and insurance. Lease is month to month. - Rent is under market value for the area, Seller just has not raised rent due to relationship.

Last Agent to Sell the Property

Ashley Dwyer

ReeceNichols - Lees Summit License #2016007635 Listed on: 01/13/2021

ReeceNichols - Lees Summit

Last Buyer's Agent

Ryan Finn

Keller Williams Southland License #2013033019

Keller Williams Southland

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,856

Year Built

  • Built in 1965

Lot Details

  • 0.46 Acre Lot
  • Paved or Partially Paved Lot
  • Property is zoned C2

Parking

  • Common or Shared Parking

Interior Spaces

  • 3,020 Sq Ft Home
  • 1-Story Property

Utilities

  • Phone Available

Community Details

  • Business Center
  • Gross Income $14,200

Listing and Financial Details

  • Assessor Parcel Number 2241300

Property Details

Property Type

Other

Est. Annual Taxes

$3,856

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Commercial
  • Property Sub Type: Business Opportunity
  • Age Description: 51-75 Years
  • Legal Description: PT SWCR SW NW EX HWY 58 RELOC-CAR WASH & LAUNDROMA
  • Current Use: Car Wash, Gift Shop, Retail
  • Year Built: 1965
  • Exclude From Reports: No
  • Internet Address Display: Yes
  • Internet Automated Valuation Dis: No
  • Internet Consumer Comment: No
  • Internet Entire Listing Display: Yes
  • List Agent Full Name: Ashley Dwyer
  • List Office Mls Id: RAN 32
  • List Office Name: ReeceNichols - Cedar Tree Sq
  • List Office Phone: 816-322-5500
  • Mls Status: Sold
  • Operating Expense: 5000
  • Tax Total Amount: 3856
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Office Sq Ft: 1792
  • Stories: 1

Exterior Features

  • Road Frontage Type: City Street
  • Road Surface Type: Paved

Garage/Parking

  • Parking Features: Common Park Lot

Utilities

  • Utilities: Electric, Phone, Water

Lot Info

  • In Floodplain: Unknown
  • Zoning: C2
  • Building Area Total: 3020.00
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 19845.00
  • Parcel Number: 2241300

Rental Info

  • Existing Lease Terms: Month To Month
  • Leased: Yes

Multi Family

  • Gross Income: 14200

Tax Info

  • Tax Annual Amount: 3856.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2021
Sold by
Glem Plus Llc
Bought by
Stone James E and Stone Janet S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,220
Outstanding Balance
$433,627
Interest Rate
3.14%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 13, 2021
Closed on
May 28, 2021
Sold by
Mcguire Charles D
Bought by
Glem Plus Llc
Seller's Agent
Ashley Dwyer
ReeceNichols - Lees Summit
Buyer's Agent
Ryan Finn
Keller Williams Southland
List Price
$290,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,500
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stone James E -- None Listed On Document
Glem Plus Llc -- Alliance Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stone James E $473,220
Previous Owner Glem Plus Llc $212,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold -- -- --
04/09/2021 04/09/21 Pending -- -- --
04/02/2021 04/02/21 Price Changed $270,000 -6.9% $89 / Sq Ft
01/13/2021 01/13/21 For Sale $290,000 -- $96 / Sq Ft
Source: Heartland MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,388 $53,680 $10,480 $43,200
2024 $4,388 $50,560 $9,530 $41,030
2023 $4,382 $50,560 $9,530 $41,030
2022 $4,024 $46,140 $9,530 $36,610
2021 $4,025 $46,140 $9,530 $36,610
2020 $3,756 $42,340 $9,530 $32,810
2019 $3,633 $42,340 $9,530 $32,810
2018 $3,754 $42,340 $9,530 $32,810
2017 $2,815 $42,340 $9,530 $32,810
2016 $2,815 $32,880 $9,530 $23,350
2015 $2,817 $32,880 $9,530 $23,350
2014 $2,818 $32,880 $9,530 $23,350
2013 -- $32,880 $9,530 $23,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2258905

Heartland MLS

APN: 2241300