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    408 W Walnut St Springfield, MO 65806

    For Lease
    $13 SF/Yr ($3,416 /Mo)

    Retail - Springfield, MO

    Type:Retail
    Property size:
    3,154 SF
    Lot size:
    0.23 Acres
    Days on Market:
    206
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 408 W Walnut St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    1323147004
    Size
    3,154 SF
    Lot size
    0.23 Acres

    Building Details

    Year built
    1920
    Architectural style
    Other

    Murney Associates, LLC (417) 575-1205 [email protected]

    Listing agent Langston Group (417) 823-2300 License #2017005672

    Listing date May 14, 2025

    MLS# 60294092 Listing URL

    Copyright © 2025 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Retail Space with Parking

    This retail space is located in a premier downtown location and offers potential for various business needs. The property features tall ceilings and a large, open main area. It includes ample storage space, two large bathrooms, and an ideal space for a kitchen. A notable feature is the inclusion of private parking. The property is situated on a lot of 0.23 acres. The location is near several popular establishments, including Flame Steakhouse, Vandivort Hotel, Inner Circle Vodka Bar, Black Sheep Burgers & Shakes, Mudlounge, and Gaileys. It is also located blocks from Greenway Trails and the Renew Jordan Creek Project, a new 33 million dollar development. The space offers 3154 square feet of living area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Park Central Apartments Apartment Building

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2947
    Latitude
    37.20699

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    FAQs

    What type of property is this?
    Retail space - Premier downtown retail space with private parking and high ceilings.
    Where is this retail space located?
    The property is located at 408 W Walnut St Springfield, MO.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Private Parking in Downtown Location; - Large, Open Main Area with Tall Ceilings; - Premier Downtown Location near Popular Establishments
    (417) 823-2300
    Request Owner's contact information
    408 W Walnut St Springfield, MO 65806
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    Springfield, MO 65806
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    408 W Walnut St Springfield, MO 65806
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