Address
453-463 S Thompson Avenue, Excelsior Springs, MO
Price
$ 465,000
Property Attributes
- MLS#2543422
- TypeCommercial
- Listing Status Active
- CountyCLAY
- CityExcelsior Springs
- Area107 - East of I-35 & South of Hwy 92
- Zip64024
- StyleSrvc-Business
- Year Built1930
- Taxes$ 4644
- Price$ 465,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.369995 Acres
Data Source:
Heartland MLS (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.
| Price History | |
|---|---|
| 5/2/2025 | Listed $495,000 |
| 9/24/2025 | 7$465,000 |
General Features
| Utilities | Electricity Available,Natural Gas Available,Sewer Available,Water Available |
|---|---|
| Possession | Close Of Escrow |
| Zoning | C-2 |
| Year Built | 1930 |
| Property Subtype | Retail |
| Current Use | Other,Retail |
| Business Type | Other,Srvc-Business |
| County | Clay |
| Property Type | Commercial Sale |
| Subdivision Name | Other |
| Status | Active |
| 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 |
| City | Excelsior Springs |
| MLS Area | 107 - East of I-35 & South of Hwy 92 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 16117.2 |
| Listing Terms | Cash,Conventional |
| Public Remarks | 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 m |
| Standard Status | Active |
| In Flood Plain | No |
Interior Features
| Total Stories | 1 |
|---|
Exterior Features
| Exterior Amenities | Display Window |
|---|---|
| Parking Features | On Street,Other |
| Lot Size Area | 0.37 |
| Road Surface Type | Paved |
| Road Frontage Type | City Street |
| Road Responsibility | Public Maintenance |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 64024
Price
Taxes
Year Built
Visits
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