$465,000

453-463 S Thompson Avenue, Excelsior Springs, MO 64024

Commercial Property
Built in 1930
0.37acre lot
—— car garage
$——/sqft
Listed 6 months ago

Property Description

Incredible Investment Opportunity in Historic Downtown Excelsior Springs! Situated just steps from the iconic Elms Hotel & Spa and surrounded by walkable retail, dining, and brewery destinations, this multi-unit commercial property offers unmatched location, visibility, and income potential. The property includes five fully leased units totaling 8,129 SF (with potential for a sixth), all situated on 0.37 acres and zoned C-2 (General Commercial). Tenants operate on month-to-month leases with flexibility to convert to one-year terms if needed for lending purposes. Unit 461 is newly leased (May 2025) at $900/month and also generates $200/month additional income from container storage leased by neighboring Dubious Claims Brewery. Currently generating $4,900/month ($58,800/year), with a GRM of 9.43, the property sits under a single parcel ID with strong potential for future subdivision per unit. Utility Disclosure: Tenants are responsible for their own utilities with separate meters for most units, with the exception of Units 459 and 461, which share a water meter—averaging $64/month, paid by the landlord and included in rent. Insurance premium is $2,857/year and a tax abatement through 2030 is pending final correction with the county (projected under $1,000/year). Investors and commercial buyers alike will appreciate the flexibility, visibility, and growth trajectory of Excelsior Springs’ thriving downtown district.

Listing Status:: Pending
Listing Office:: RE/MAX Area Real Estate : 816-630-4000
Listing Agent:: SimmonsSales Team : 816-630-4000
MLS ID:: 2543422

General: Display Window
Parking: On StreetOther

Road/Access: City Street
Originating MLS: hmls
County: Clay

Zoning: C-2CITY BLOCKS EXCELSIOR SPRINGS PT CB 109 BEG 20'N OF NW COR LT 1 BLK C ELMS ADDITIONN104.8E141.81S105W TO POB (To Be Verified by Closing Title)12-311-00-46-011.01
Current Use: OtherRetail

Utilities: Electricity AvailableNatural Gas AvailableSewer AvailableWater Available

Source: hmls

This listing courtesy of SimmonsSales Team, RE/MAX Area Real Estate

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Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Lewis Elementary School

501 Leavenworth St, Excelsior Springs, MO, 64024

Grades KG-5

0.21 miles away

Excelsior Springs Middle School

701 Crown Hill Rd, Excelsior Springs, MO, 64024

Grades 6-8

1.46 miles away

Excelsior Springs Tech. High School

701 Saint Louis Ave, Excelsior Springs, MO, 64024

Grades 10-12

0.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.