Mixed-Use Property with Loft
220 E Commercial Street Springfield, Springfield, MO 65803
For Sale
$3,445,000
Restaurant improvements accompany furnished loft residences with in-unit laundry and kitchen appliances.
Property Size12,500 SF
Price / SF$275.60
Days on Market131
Property Features for 220 E Commercial Street Springfield
General Information
Standard status
Size
Total Parking Spaces
Site & Location
Neighborhood
Additional Details
Furnished
Business Included
Equipment Included
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
stackable washer/dryer
refrigerator
dishwasher
stove
Sidewalk(s),Level
0.14
On Street,Parking Area,Hard Surface,20+ Spaces,Paved
12500
Building Details
Building Size
Year Built
Listed By:
Trimble Team
(417) 840-6265
Source:
Karentrimble.exprealty
Added: Jul 5
Changed: Nov 11
Last Checked: Oct 7 at 9:29AM
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 Trimble Team
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Investment Insights
Based on property information with market context.
Built in 1879, this 12,500-square-foot mixed-use property combines a restaurant/bar operation with seven furnished loft apartments. The restaurant component includes a fully equipped kitchen, appliances, inventory, and fixtures. Each loft has a stackable washer/dryer, refrigerator, dishwasher, and stove, providing a furnished residential setup within the property.
Two of the seven lofts operate as Airbnb nightly rentals. The property is located at 220 E Commercial Street in Springfield, Missouri, within the Historic C-St. area. Exterior information identifies a level setting, sidewalks, paved hard-surface parking, and on-street parking. Wall art is excluded from the offering.
Two of the seven lofts operate as Airbnb nightly rentals. The property is located at 220 E Commercial Street in Springfield, Missouri, within the Historic C-St. area. Exterior information identifies a level setting, sidewalks, paved hard-surface parking, and on-street parking. Wall art is excluded from the offering.
Key Highlights
- 12,500‑square‑foot mixed‑use property built in 1879
- Seven furnished loft apartments included
- Two lofts operate as Airbnb nightly rentals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,050
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,021,000
$2.0M
Cap Rate 7%
$1,443,571
$1.4M
Cap Rate 9%
$1,122,778
$1.1M
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$196.5K $15.72/SF
− Vacancy
−$12.8K −$1.02/SF
EGI
$183.7K $14.70/SF
− OpEx
−$82.7K −$6.61/SF
NOI
$101.1K $8.08/SF
Area
Springfield, MO
Vacancy
6.50%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,021,000
Cap Rate 7%
$1,443,571
Cap Rate 9%
$1,122,778
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $101,050 @ 7.0% cap · market cap 2.93%
Second Best
Specialty Retail
$1.42M
$1.25M – $1.66M
NOI $99,671 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,066 @ 7.0% cap · market cap 3.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
7
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
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Business Placement
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
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Market
Properties on Market for Mixed-use properties in Springfield
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant improvements accompany furnished loft residences with in-unit laundry and kitchen appliances.
Where is this mixed-use property located?
The property is located at 220 E Commercial Street Springfield Springfield, MO.
What is the asking price?
The asking price for this property is $3,445,000.
What are key features of this property?
This property features: 12,500‑square‑foot mixed‑use property built in 1879; Seven furnished loft apartments included; Two lofts operate as Airbnb nightly rentals
