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Listed by SimmonsSales Team • RE/MAX Area Real Estate
$ 565,000
$ 565,000
Est. payment | /mo
4,777 Sqft Lot
$ 565,000
$ 565,000
Est. payment | /mo
4,777 Sqft Lot
Key Details
Sold Price $565,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2574720
Sold Date 08/27/26
Year Built 1900
Annual Tax Amount $6,221
Lot Size 4,777 Sqft
Acres 0.10966483
Property Sub-Type Business
Source hmls
Property Description
Prime investment opportunity in the heart of Historic Downtown Excelsior Springs! 101 W Broadway Avenue is a beautifully maintained 100% occupied mixed-use building featuring two commercial storefronts, a partial basement, and four fully finished luxury loft apartments on the upper level. The main level includes Italian Restaurant, currently undergoing an exciting renovation with future reopening plans, offering exclusive access to the property's basement — ideal for storage, prep, or future expansion. The second storefront is home to, a charming boutique retail shop offering artisan soaps, trinkets, jewelry, and unique gifts that draw consistent downtown foot traffic and enhance the property's visibility. The upper level showcases four luxury lofts — each a two-bedroom, one-bath residence thoughtfully designed with tall ceilings, large windows overlooking downtown, and a mix of modern updates and historic charm. Open living areas, efficient kitchens, and strong tenant retention make these units highly desirable and income-stable. This property stands as a rare turnkey investment within Excelsior Springs' thriving downtown corridor — steps from The Elms Hotel & Spa, boutique shopping, restaurants, and city events that bring year-round vibrancy and growth. Key Highlights: 100% occupancy with strong, stable tenants, Two main-level commercial units with excellent visibility and foot traffic, Partial basement (accessible Italian Restaurant), Four updated 2-bedroom, 1-bath luxury lofts with consistent rental performance, Prime corner location in Excelsior Springs' historic downtown district, Ideal for long-term investors, mixed-use portfolio diversification, or 1031 exchange buyers
Location
State MO
County Clay
Zoning C-2
Interior
Fireplace N
Exterior
Utilities Available Service - 220v, Electricity Available, Natural Gas Available, Sewer Available
Building
Story 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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Natalie Ricke
Licensed Real Estate Advisor License ID: 413597255