USAMOExcelsior SpringsOther453-463 S Thompson Ave
463 - 453-463 S Thompson Ave, Home with 0 bedrooms, 0 bathrooms and null parking in Excelsior Springs MO | Image 1
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$495,000

463 - 453-463 S Thompson Ave, Excelsior Springs, MO

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $4,644
Days Active 91
Approx. Age 1930
MLS® Number 2543422

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number2543422
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorDisplay Window
GarageNo
Approx. Age1930
Stories1
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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