West Sunshine Commercial Buildings For Sale

1036 W Sunshine St, Springfield, MO 65807

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For Sale

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Two commercial buildings on West Sunshine Street, sold together or separately.

Type:Office, Retail

Property size:

8,928 SF

Price / SF:

$89/SF

HighLights

Two commercial buildings available for lease or purchase, together or separately.
Main building features a large open room with stage, kitchenette/bar, and 6 additional rooms/classrooms.
Ample parking with 44 spaces.
High‑traffic location on West Sunshine Street near South Weaver Ave.
Surrounded by numerous national and local businesses (Sonic, Maverik, UPS Store, banks, fast food, etc.).
Main building's historical significance as the original Leong's Restaurant.

We can help!

Contact an agent

Lee Mclean III, SIOR, CCIM

For Sale

Contact for pricing

Two commercial buildings on West Sunshine Street, sold together or separately.

Type:Office, Retail

Property size:

8,928 SF

Price / SF:

$89/SF

Added:: Jan 27, 2024
Days on Market:: 891
Last Refresh:: Jul 4 at 3:31 pm

Property Features for 1036 W Sunshine St

General Information

Standard status: Active
Size: 8,928 SF
Property subtype: Office, Retail

Building Details

Year Built: 1963

We can help!

Contact an agent

Lee Mclean III, SIOR, CCIM

Listing office SVN | Rankin Company, LLC

Listing date Jan 27, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SVN | Rankin Company, LLC

HighLights

Two commercial buildings available for lease or purchase, together or separately.
Main building features a large open room with stage, kitchenette/bar, and 6 additional rooms/classrooms.
Ample parking with 44 spaces.
High‑traffic location on West Sunshine Street near South Weaver Ave.
Surrounded by numerous national and local businesses (Sonic, Maverik, UPS Store, banks, fast food, etc.).
Main building's historical significance as the original Leong's Restaurant.

Overview

Two commercial buildings located on West Sunshine Street are available for sale, either together or separately. The main building, most recently used as a church, features a large open room with a stage, a kitchenette/bar space, and six additional rooms or classrooms. Originally, this building was the home of Leong's Restaurant. The property includes 44 parking spaces. The second building offers a wide open retail space with storage space in the back. The property is situated on West Sunshine and South Weaver Ave, near Sonic, Maverik, The UPS Store, Guaranty Bank, Cox Health Clinic, Bank of America, Bass Pro Shops, Taco Bell, McDonald's, Starbucks, Chick-Fil-A, and Mercy Urgent Care, along with numerous other national and local businesses. The property size is 8,928 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$98.6k	$11.04
− Vacancy	−$4.2k	−$0.47
EGI	$94.3k	$10.57
− OpEx	−$23.6k	−$2.64
NOI	$70.7k	$7.92

8,928 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.01M

$884.3K – $1.18M (±1% cap)

NOI $70,745 @ 7.0% cap · market cap 8.90%

Second Best

Retail

$949.2K

$830.5K – $1.11M (±1% cap)

NOI $66,443 @ 7.0% cap · market cap 8.36%

Theoretical Best

Office A

$1.35M

$1.18M – $1.57M (±1% cap)

NOI $94,327 @ 7.0% cap · market cap 11.87%

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

Property Profile Location Intelligence

Current Use by Public Records

Rhea Lana's of Springfield Clothing & Fashion Store Journey Church Church

Suggested Use

Location Insight

Map
Local Demand

City: Springfield
County: Greene
State: Missouri
Longitude: -93.279948
Latitude: 37.1817257

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For sale
Retail space
MO
Springfield
65807
1036 W Sunshine St

What type of property is this?

Retail space - Two commercial buildings on West Sunshine Street, sold together or separately.

Where is this retail space located?

The property is located at 1036 W Sunshine St Springfield, MO.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: Two commercial buildings available for lease or purchase, together or separately.; Main building features a large open room with stage, kitchenette/bar, and 6 additional rooms/classrooms.; Ample parking with 44 spaces.