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117 W Broadway St
Excelsior Springs, MO 64024
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Anchored Tenant: Ventana Grill — a beloved local restaurant and anchor tenant for 20+ years.
- Operating Expenses: ˜ $4,821 / yr ? Net Operating Income ˜ $16,779 / yr.
- Access: Prime Broadway Avenue frontage in the heart of Historic Downtown Excelsior Springs.
- Lease Status: Active lease producing $1,800 / mo ($21,600 / yr).
- Estimated Cap Rate: 7.58 % based on existing income stream.
EXECUTIVE SUMMARY
Step into one of Downtown Excelsior Springs’ most recognizable landmarks—home to a Grill, a beloved local restaurant
and anchor tenant for more than 20 years. This two-story brick beauty pairs historic character with modern function,
featuring a richly preserved pressed-tin ceiling, exposed brick, hardwood floors, and large storefront windows
overlooking the walkable downtown corridor. The main level offers roughly 2,700 sq ft of elegant dining space with a full
bar, dual restrooms, commercial kitchen, and basement storage. The upper floor, currently unfinished, provides
exceptional potential for future loft conversions, office suites, or event-style expansion. The Grill occupies the ground
floor under a long-standing lease—real-estate sale only; restaurant equipment and furnishings are tenant-owned—
creating a turnkey income property with enduring stability in Excelsior Springs’ revitalized historic district, just steps
from the Elms Hotel & Spa. Ideal for investors seeking steady rental income, or for visionary buyers who value heritage
architecture and downtown growth momentum.
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
and anchor tenant for more than 20 years. This two-story brick beauty pairs historic character with modern function,
featuring a richly preserved pressed-tin ceiling, exposed brick, hardwood floors, and large storefront windows
overlooking the walkable downtown corridor. The main level offers roughly 2,700 sq ft of elegant dining space with a full
bar, dual restrooms, commercial kitchen, and basement storage. The upper floor, currently unfinished, provides
exceptional potential for future loft conversions, office suites, or event-style expansion. The Grill occupies the ground
floor under a long-standing lease—real-estate sale only; restaurant equipment and furnishings are tenant-owned—
creating a turnkey income property with enduring stability in Excelsior Springs’ revitalized historic district, just steps
from the Elms Hotel & Spa. Ideal for investors seeking steady rental income, or for visionary buyers who value heritage
architecture and downtown growth momentum.
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
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,945 SF
Building Class
C
Year Built
1900
Price
$306,528 CAD
Price Per SF
$34.27 CAD
Cap Rate
7.58%
NOI
$23,235 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
3.42
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C-2 - 3 Buildings - 113-115 & 117 W Broadway St
1 Restaurant occupying two buildings and a retail shop.
Frontage
40’ on Broadway St
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $83,697 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$83,697 CAD
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