Historic Downtown Excelsior Springs
For Sale
$465,000
453-463 S Thompson Avenue, Excelsior Springs, MO 64024
SINGLE_FAMILY - Excelsior Springs, MO
Property SizeContact for details
Lot Size0.37 Acres
Days on Market468
Property Features for 453-463 S Thompson Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
C-2
Parking features
On Street
Exterior features
Display Window
Directions
10 HWY East Through Excelsior Springs To S Thompson Ave Downtown Excelsior Springs (@ End Of Elms BLVD Intersection) Located On The Right/East Side Of S Thompson Ave
Subdivision
107 - East of I-35 & South of Hwy 92
Standard status
Active
APN
12-311-00-46-011.01
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
CITY BLOCKS EXCELSIOR SPRINGS PT CB 109 BEG 20'N OF NW COR LT 1 BLK C ELMS ADDITION, N104.8, E141.81, S105, W TO POB (To Be Verified by Closing Title)
Tax Annual Amount
4644
Legal Description
CITY BLOCKS EXCELSIOR SPRINGS PT CB 109 BEG 20'N OF NW COR LT 1 BLK C ELMS ADDITION, N104.8, E141.81, S105, W TO POB (To Be Verified by Closing Title)
Utilities
Utilities
Water Available
Building Details
Year built
1930
Floors in Building
1
Listing Agency:
RE/MAX Area Real Estate · RE/MAX International
(816) 630-4000
Listed By:
SimmonsSales Team
(816) 630-4000
Added: May 1, 2025
Changed: May 13
Last Checked: Aug 11 at 10:06AM
MLS# 2543422
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-unit commercial property is located in historic downtown Excelsior Springs, steps from the Elms Hotel & Spa and walkable retail, dining, and brewery destinations. The property includes five fully leased units totaling 8,129 square feet, with potential for a sixth, 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. Unit 461 is newly leased (May 2025) at $900 per month and generates an additional $200 per month from container storage leased by Dubious Claims Brewery. The property currently generates $4,900 per month ($58,800 per year), with a GRM of 9.43, under a single parcel ID with potential for future subdivision per unit. Tenants are responsible for their own utilities with separate meters for most units, except Units 459 and 461, which share a water meter averaging $64 per month, paid by the landlord and included in rent. The insurance premium is $2,857 per year, and a tax abatement through 2030 is pending final correction with the county and projected to be under $1,000 per year. This property offers flexibility, visibility, and growth potential in Excelsior Springs' thriving downtown district.
Key Highlights
- Prime location in historic downtown Excelsior Springs, steps from the Elms Hotel & Spa and walkable to retail, dining, and breweries.
- Multi‑unit commercial property with five fully leased units (8,129 SF) and potential for a sixth, generating $4,900/month ($58,800/year).
- Strong income potential with a GRM of 9.43 and flexibility to convert month‑to‑month leases to one‑year terms.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Phillips 66
Shops & Services
5,280 visits/mo
0.2 miles
Demographics for 64024, MO
15,575
Population
6,165
Households
2.5
Avg Household Size
42
Median Age
15%
College-Educated
89%
High-School Grad
70.4 sq mi
ZIP Area
221
Density / Sq Mi
$80,781
Median Household Income
$41,964
Median Earnings
$916
Median Rent
$185,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-unit commercial property in thriving downtown Excelsior Springs.
Where is this retail space located?
The property is located at 453-463 S Thompson Avenue Excelsior Springs, MO.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Prime location in historic downtown Excelsior Springs, steps from the Elms Hotel & Spa and walkable to retail, dining, and breweries.; Multi‑unit commercial property with five fully leased units (8,129 SF) and potential for a sixth, generating $4,900/month ($58,800/year).; Strong income potential with a GRM of 9.43 and flexibility to convert month‑to‑month leases to one‑year terms.
