Mixed-Use Building with Street
300-308 West Commercial Street Springfield, MO 65803
For Sale
Contact for pricing
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 Market72
Property Features for 300-308 West Commercial Street
General Information
- Standard status
- Active
- Size
- 17,230 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1909
Listing Agency:
SVN | Rankin Company, LLC
(417) 860-5447
Listed By:
Jeff Childs SIOR CCIM · License #MO 1999029641
Source:
Crexi
Added: May 13
Changed: Jul 23
Last Checked: Jul 23 at 4:58PM
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
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $270.9k | $15.72 |
| − Vacancy | −$17.6k | −$1.02 |
| EGI | $253.2k | $14.70 |
| − OpEx | −$114.0k | −$6.61 |
| NOI | $139.3k | $8.08 |
17,230 SF · lease $15.72/SF/yr · vacancy 6.50% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
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
