Excelsior Springs, MO 64024,453-463 S Thompson AVE
Excelsior Springs, MO 64024,453-463 S Thompson AVE
Excelsior Springs, MO 64024,453-463 S Thompson AVE
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Listed by SimmonsSales Team • RE/MAX Area Real Estate
$465,000
Est. payment /mo
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0.37 Acres Lot
Active

453-463 S Thompson AVE Excelsior Springs, MO 64024

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Hannah Murrell

Hannah Murrell

+1(913) 617-8335

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

Heartland MLS KS / Southeast Kansas AOR

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 2
  • 7

    Westview Elementary School

    Public | PK - 5

  • 5

    Lewis Elementary School

    Public | PK - 5

Middle Schools 1
  • 4

    Excelsior Springs Middle School

    Public | 6 - 8

High Schools 3
  • 4

    Excelsior Springs High School

    Public | 9 - 12

  • 1

    Excelsior Springs Tech. High School

    Public | 10 - 12

  • 0

    Excelsior Springs Career Center

    Public | 11 - 12

School and business data provided by Attom Data.

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Hannah Murrell

Hannah Murrell

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+1(913) 617-8335

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