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    3520 East Olive St Springfield, MO 65802

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    For Sale
    $3,440,000

    11.53-acre development lot at signalized corner in Springfield, MO.

    Property size:
    11 SF
    Lot size:
    11.53 Acres

    Property Features for 3520 East Olive St

    General Information

    Size
    11 SF
    Lot size
    11.53 Acres

    Source: Jack Rankin Agent Jack Rankin

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

    Overview

    Prime Development Lot For Sale

    This 11.53-acre development lot is available for sale at the signalized corner of Olive Street and Eastgate Ave in Springfield, MO. The property is in a highly desirable location directly east of Costco Wholesale and other national retailers. The site benefits from great access and exposure, with over 33,887 vehicles per day on E Chestnut Expressway and over 60,000 vehicles per day on US Highway 65. The site is zoned Planned Development 298. A preliminary site layout showcasing up to 135,000 SF of buildable square footage & parking garage has been completed. The location is near many local and national retailers, restaurants, wholesalers, and other businesses, with immediate access to major thoroughfares including US Highway 65 and E. Chestnut Expressway. Neighboring businesses include Costco Wholesale, Menards, Mister Car Wash, Jiffy Lube, Domino's Pizza, Taco Bell, McDonalds, Beef-a-Roo, and Whataburger. The site features unparcelled access, great visibility, and shared detention in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3440748
    Latitude
    37.2096859

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    FAQs

    What type of property is this?
    Commercial land - 11.53-acre development lot at signalized corner in Springfield, MO.
    Where is this commercial land located?
    The property is located at 3520 East Olive St Springfield, MO.
    What is the asking price?
    The asking price for this property is $3,440,000.
    What are key features of this property?
    This property features: - Prime location directly east of Costco Wholesale and other national retailers.; - High traffic exposure: 33,887 vehicles per day on E Chestnut Expressway and 60,000 vehicles per day on US Highway 65.; - 11.53-acre development lot at a signalized corner.
    (417) 860-9951
    Request Owner's contact information
    3520 East Olive St Springfield, MO 65802
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    Springfield, MO 65802
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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
    3520 East Olive St Springfield, MO 65802
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