453-463 S Thompson AVE, Excelsior Springs, MO 64024
453-463 S Thompson AVE, Excelsior Springs, MO 64024
453-463 S Thompson AVE, Excelsior Springs, MO 64024
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Chrissy Frazier

Chrissy Frazier

+1(816) 518-4181
Listed by SimmonsSales Team • RE/MAX Area Real Estate
$465,000
Est. payment /mo
0.37 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2543422

Year Built 1930

Annual Tax Amount $4,644

Lot Size 0.370 Acres

Acres 0.37

Property Sub-Type Retail

Source hmls

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.

Location

State MO

County Clay

Zoning C-2

Interior

Fireplace N

Exterior

Exterior Feature Display Window

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

Building

Story 1

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Heartland MLS KS / Southeast Kansas AOR

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Chrissy Frazier

Agent License ID: KS SP00237935 & MO 2016044210

+1(816) 518-4181 | chrissy.frazier@kcabode.com

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