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    311 Commercial St Springfield, MO 65803

    For Sale
    $750,000

    Three renovated lofts, short-term rental licensed.

    Property size:
    3,743 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional investment opportunity presents three fully renovated loft apartments situated above a leased commercial space at 311 W Commercial Street in Springfield, Missouri. The property boasts a total of 3,743 square feet and sits on a 0.05-acre lot. The building offers a unique mix of residential and commercial uses, providing a diversified income stream. The residential units consist of three distinct lofts: Unit 1 is a studio apartment with a bathroom

    Property Features for 311 Commercial St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,743 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1893
    Property Profile Location Intelligence

    Current Use by Public Records

    Vecino Design Architecture Firm Prixel Creative Graphic Designer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.29333
    Latitude
    37.22971

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    FAQs

    What type of property is this?
    Commercial real estate - Three renovated lofts, short-term rental licensed.
    Where is this commercial real estate located?
    The property is located at 311 Commercial St Springfield, MO.
    What is the asking price?
    The asking price for this property is $750,000.
    (417) 883-4900
    Request Owner's contact information
    311 Commercial St Springfield, MO 65803
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    Springfield, MO 65803
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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
    311 Commercial St Springfield, MO 65803
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