101 W Broadway Ave 9,520 SF 100% Leased Retail Building Excelsior Springs, MO 64024 $565,000 ($59.35/SF) 8.96% Cap Rate

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 Three Olives 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 Mind, Body & Soap, 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 via Three Olives 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 Private Remarks - Showing Agt Info: 24-hour notice required for all showings. Best tour availability: Sundays and Mondays due to downtown district
operations. Listing agent must be present for all showings to provide access and ensure proper tenant notification and approval—no unannounced visits or direct tenant contact. Proof of funds or a current pre-qualification letter may be required prior to confirming any showing request. All scheduling, inquiries, and contract submissions must be coordinated directly with Jake Simmons, RE/MAX Area Real Estate — simmons.remax@gmail.com |816-868-4692. Real estate sale only; all restaurant equipment and furnishings are owned by the tenant. Directions: 10 HWY East Through Excelsior Springs To The Downtown Historic District, Go Left/North On S Thompson Ave To Broadway Ave, Go Right/East On Broadway To Property Located On The Right/South Side Of Street