Search
Multi-Unit Downtown Storefront Property
For Sale
$465,000

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

Commercial Sale, Excelsior Springs, MO

Property Size8,129 SF
Lot Size0.37 Acres
Price / SF$57.20
Days on Market513

Property Features for 453-463 S Thompson Avenue

General Information

Property type Commercial Sale
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
Listed By: SimmonsSales Team
Added: May 1, 2025 Changed: Sep 2 Last Checked: Sep 25 at 7:06PM
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 1930 commercial property contains five leased storefront units totaling 8,129 square feet on a 0.37-acre parcel. Display windows support street-facing retail presentation, while C-2 zoning provides the stated commercial designation. The property is configured under a single parcel ID, with potential for a sixth unit and possible future subdivision by unit. Most spaces have separate utility meters, and tenants are responsible for their own utilities; Units 459 and 461 share a water meter.

The property is located in historic downtown Excelsior Springs near The Elms Hotel & Spa, with walkable retail, dining, and brewery destinations surrounding the site. On-street parking serves the property, and water is available. Current leases are month-to-month, with the stated flexibility to convert to one-year terms for lending purposes.

Key Highlights

  • Five fully leased units totaling 8,129 SF
  • 0.37‑acre commercial parcel zoned C‑2
  • Potential for a sixth unit and future subdivision by unit

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open 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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

284
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 0.1 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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 - Multiple leased commercial units offer display windows, C-2 zoning, and access to walkable downtown retail and dining.
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 $465,000.
What are key features of this property?
This property features: Five fully leased units totaling 8,129 SF; 0.37‑acre commercial parcel zoned C‑2; Potential for a sixth unit and future subdivision by unit
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message