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5-Unit Storefront Property
New
For Sale
$449,900

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

Five commercial units are leased month-to-month, with separate utility meters serving most of the property.

Property Size8,129 SF
Lot Size0.37 Acres
Price / SF$55.35
Days on Market4

Property Features for 453-463 S Thompson Avenue

General Information

Standard status Active
Size 8,129 SF
Lot size 0.37 Acres
Property subtype Commercial
Zoning C-2
Occupancy 100%

Additional Details

Gross Income $58,800
Tenant in Place Yes

Amenities

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Building Details

Year Built 1930
Stories 1
Tenancy Multi
Listing Agency: RE/MAX Area Real Estate
Listed By: SimmonsSales Team
Source: Fishburnrealtyllc
Added: Oct 23 Changed: Oct 26 Last Checked: Oct 26 at 3:53AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Area Real Estate

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Investment Insights

Based on property information with market context.

This 5-unit storefront property contains 8,129 SF on a 0.37-acre parcel and was built in 1930. All five units are leased, with the possibility of adding a sixth. The property carries C-2 zoning, and its reported GRM is 9.43.

In historic downtown Excelsior Springs, the property is steps from the Elms Hotel & Spa and near retail, dining, and brewery destinations. The units have month-to-month leases, with the option to move to one-year terms. Tenants pay their own utilities; most units have separate meters, while Units 459 and 461 share a water meter.

Key Highlights

  • Five leased storefront units totaling 8,129 SF, with potential for a sixth
  • 0.37‑acre parcel zoned C‑2
  • Built in 1930

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Restaurant Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

283
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use

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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • Excelsior Floral & Gift — 413 S Thompson Ave, Excelsior Springs, MO 64024

Frequently Asked Questions

What type of property is this?
Storefront property - Five commercial units are leased month-to-month, with separate utility meters serving most of the property.
Where is this storefront property 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 $449,900.
What are key features of this property?
This property features: Five leased storefront units totaling 8,129 SF, with potential for a sixth; 0.37‑acre parcel zoned C‑2; Built in 1930
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