Mixed-Use Building with Street
For Sale
$2,800,000
300-308 West Commercial Street, Springfield, MO 65803
Two-story mixed-use building with street-level commercial space and 11 loft-style residential units.
Property Size17,230 SF
Price / SF$162.51
Days on Market162
Property Features for 300-308 West Commercial Street
General Information
Standard status
Active
Size
17,230 SF
Property subtype
Retail
Additional Details
Multifamily Units
11
Building Details
Building Size
17,230 SF
Year Built
1909
Stories
2
Listing Agency:
SVN | Rankin Company, LLC
Listed By:
Jeff Childs, SIOR, CCIM · License #1999029641
(417) 860-5447
Source:
Svn
Added: May 14
Changed: Oct 8
Last Checked: Oct 20 at 5:19PM
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 SVN | Rankin Company, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
300-308 W. Commercial Street is a two-story mixed-use building totaling approximately 17,230 SF. The property features street-level commercial space and 11 loft-style residential units on the second floor. Originally constructed in 1909, it was substantially renovated within the past decade and includes updated systems.
The building is positioned within one of Springfield’s most active urban redevelopment districts, supporting a stabilized mixed-use configuration.
With a combination of retail frontage at street level and residential units above, the property offers a functional vertical layout for diversified income within a single structure.
The building is positioned within one of Springfield’s most active urban redevelopment districts, supporting a stabilized mixed-use configuration.
With a combination of retail frontage at street level and residential units above, the property offers a functional vertical layout for diversified income within a single structure.
Key Highlights
- Two‑story mixed‑use building totaling approx. 17,230 SF with street‑level commercial space and 11 loft‑style residential units
- Built in 1909 with substantial renovations within the past decade
- Mixed‑use setup with commercial space on the street level and residential loft units on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,287
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,785,740
$2.8M
Cap Rate 7%
$1,989,814
$2.0M
Cap Rate 9%
$1,547,633
$1.5M
Market Conditions
NOI Build-Up for 17,230 SF
Gross rent
$270.9K $15.72/SF
− Vacancy
−$17.6K −$1.02/SF
EGI
$253.2K $14.70/SF
− OpEx
−$114.0K −$6.61/SF
NOI
$139.3K $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%
$2,785,740
Cap Rate 7%
$1,989,814
Cap Rate 9%
$1,547,633
Alternative Uses
Best Use
Apartment 5plus
$1.99M
$1.74M – $2.32M
NOI $139,287 @ 7.0% cap · market cap 4.97%
Second Best
Mixed Use
$1.84M
$1.61M – $2.15M
NOI $128,902 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$2.60M
$2.28M – $3.03M
NOI $182,040 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use building with street-level commercial space and 11 loft-style residential units.
Where is this mixed-use property located?
The property is located at 300-308 West Commercial Street Springfield, MO.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Two‑story mixed‑use building totaling approx. 17,230 SF with street‑level commercial space and 11 loft‑style residential units; Built in 1909 with substantial renovations within the past decade; Mixed‑use setup with commercial space on the street level and residential loft units on the second floor
