453-463 S Thompson Avenue Excelsior Springs, MO 64024
- Added:
- May 1, 2025
- Days on Market:
- 336
- Last Refresh:
- Apr 1 at 1:06 pm
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
- Standard status
- Active
- APN
- 12-311-00-46-011.01
- Lot size
- 0.37 Acres
Taxes and HOA fees
- TaxDescription
- 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)
- TaxAnnualAmount
- 4644
Utilities
- Utilities
- Water Available
Building Details
- Year built
- 1930
- Floors in Building
- 1
Listing agent SimmonsSales Team (816) 630-4000
Listing office RE/MAX Area Real Estate 1350 N Jesse James Rd, Excelsior Springs, MO (816) 630-4000
Listing date May 1, 2025
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.
Overview
Historic Downtown Excelsior Springs Investment
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Excelsior Springs
- County
- Clay
- State
- Missouri
- Longitude
- -94.22566
- Latitude
- 39.33939
Nearby Similar for Sale
FAQs
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.
