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    502 W Walnut St Springfield, MO 65806

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    For Sale
    $3,729,333

    Prime corner location in Springfield's booming economy, near major highway.

    Property size:
    18,700 SF
    Lot size:
    1.09 Acres

    Property Features for 502 W Walnut St

    General Information

    Size
    18,700 SF
    Lot size
    1.09 Acres

    Source: Northmarq | Corporate Agent Chanel Tobias

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

    Overview

    Springfield Automotive Repair Location For Sale

    This automotive repair location is situated on a hard corner with exceptional connectivity to a major highway system. The property benefits from a $400M+ capital investment in downtown renovations and is located within the Springfield metro area, which has a population of over 491,000 residents and a highly diverse booming economy with a $28.6B total GDP. It is positioned in a major healthcare corridor and has proximity to higher education institutions with over 40,000 students. The property has been a long-time automotive repair location and is operated by the largest founder-led multi-shop operator (MSO) in the industry. The property size is 18,700 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Crash Champions Collision ... Auto Body Shop

    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.

    Similar Places Nearby

    J C Transmission, Rare breed, Bud's Tire & Wheel, WARREN AUTO WORKS, Crash Champions Collision Repair Springfield Dwtn

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2958593
    Latitude
    37.2068174

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    FAQs

    What type of property is this?
    Auto shop - Prime corner location in Springfield's booming economy, near major highway.
    Where is this auto shop located?
    The property is located at 502 W Walnut St Springfield, MO.
    What is the asking price?
    The asking price for this property is $3,729,333.
    What are key features of this property?
    This property features: - Hard corner location with exceptional connectivity to major highway system.; - $400M+ capital investment in downtown renovations.; - Highly diverse booming economy - $28.6B total GDP.
    (952) 356-0100
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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
    502 W Walnut St Springfield, MO 65806
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