Building Details

Year Built 1920

Units 1

Tenancy Multi

Listing Agency: Reiner Real Estate

Listed By: Amanda Frank Show Phone

Source: Getyoumoved

Added: Oct 22 Changed: Oct 25 Last Checked: Oct 23 at 5:09PM

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Investment Insights

Based on property information with market context.

Built in 1920, this mixed-use property has a 1,782-square-foot commercial space on the main level, occupied by Community Treasures. The upper floor contains two apartments: one with a bedroom and one with two bedrooms. A full basement provides additional storage space.

The property is on E Central Street in downtown Springfield, Minnesota, and is zoned Business/Commercial.

Key Highlights

• 1,782‑square‑foot main‑level commercial space occupied by Community Treasures
• Two upper‑level apartments: one one‑bedroom unit and one two‑bedroom unit
• Full basement

Property Analytics

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Current Use

Good Neighbor Thrift ... Discount Store Graff Insurance Insurance Agency National Financial Corporation Cemetery Sanborn Auction & Salvage ... Trade Show Venue

Suggested Use

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

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

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

251

Businesses Nearby

4k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 57% Dining 43%

SUBWAY Dining

1,899 visits/mo 0.3 miles

Cenex Shops & Services

1,762 visits/mo 0.3 miles

Napa Auto Parts Shops & Services

710 visits/mo 0.1 miles

Demographics for 56087, MN

3,026

Population

1,442

Households

2.1

Avg Household Size

46

Median Age

24%

College-Educated

92%

High-School Grad

146.1 sq mi

ZIP Area

21

Density / Sq Mi

$64,566

Median Household Income

$45,417

Median Earnings

$777

Median Rent

$139,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The upper floor contains one one-bedroom apartment and one two-bedroom apartment.

Where is this mixed-use property located?

The property is located at 20 E Central Street Springfield, MN.

What is the asking price?

The asking price for this property is $75,000.

What are key features of this property?

This property features: 1,782‑square‑foot main‑level commercial space occupied by Community Treasures; Two upper‑level apartments: one one‑bedroom unit and one two‑bedroom unit; Full basement