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Freestanding Retail Space
For Lease
$7,850/Mo

1117 E Commercial Street, Springfield, MO 65803

Open floor area and existing restrooms support flexible retail configuration.

Space Size16,680 SF
Days on Market952

Property Features for 1117 E Commercial Street

General Information

Standard status Active
Size 16,680 SF
Net Rentable 16,680 SF

Space & Availability

Available Space 16,680 SF
Contiguous Space 16,680 SF

Site & Location

Neighborhood Robberson
Road Access Yes

Taxes and HOA fees

Annual Taxes $15,072

Building Details

Building Size 15,700 SF
Year Built 1963
Listing Agency: Keller Williams
Listed By: Brian L. Snyder · License #2021035948
Source: Cappyharrisrealtors
Added: Mar 19, 2024 Changed: Oct 26 Last Checked: Oct 26 at 3:36AM

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 Keller Williams

Rey
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Investment Insights

Based on property information with market context.

Built in 1963, this freestanding retail building has an open interior and existing restrooms. The property previously housed Price Cutter and Save-A-Lot grocery stores, and the remarks describe potential for office and breakroom areas.

The building is at 1117 E Commercial Street in Springfield, near the East Commercial Street and North National Avenue intersection. The corridor is reported to carry approximately 31,000 vehicles per day, with access from East Commercial Street.

Key Highlights

  • Freestanding retail building with an open interior
  • Built in 1963
  • Existing restrooms; office and breakroom areas are described as potential configurations

Property Analytics

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Current Use

Save A Lot Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Big Box & Wholesale Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
NNN (Triple Net)
Lease Type
$0.90 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

444
Businesses Nearby

Demographics for 65803, MO

42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Springfield, MO

$15.86 /SF/Yr
Avg Asking Price
$8–$32 /SF/Yr
Price Range
11,216 SF
Avg Space Size

This space is priced 62% below the average of $15.86 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Open floor area and existing restrooms support flexible retail configuration.
Where is this retail space located?
The property is located at 1117 E Commercial Street Springfield, MO.
What is the lease rate?
The lease rate is $7,850/Mo.
What are key features of this property?
This property features: Freestanding retail building with an open interior; Built in 1963; Existing restrooms; office and breakroom areas are described as potential configurations
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