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Renovated Three-Unit Loft Property
For Sale
$649,000

311 W Commercial Street, Springfield, MO 65803

Commercial Sale, Springfield, MO

Property SizeContact for details
Lot Size0.05 Acres
Days on Market603

Property Features for 311 W Commercial Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 1
Parking features On Street
View City
Directions North on Campbell to Commercial - East on Commercial to property.
Standard status Active
APN 1312309037
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description 311 WEST COMMERCIAL STREET CONDOMINIUMS COMMON AREA
Tax Annual Amount 3269
Legal Description 311 WEST COMMERCIAL STREET CONDOMINIUMS COMMON AREA

Utilities

Utilities Water Available
Heating system Electric (Heating), Forced Air
Cooling system Electric, Central Air

Building Details

Year built 1893
Number of units 3
Listing Agency: Keller Williams Local · Keller Williams Realty
Listed By: Adam Graddy · License #2004014961
Added: Dec 27, 2024 Changed: Aug 19 Last Checked: Aug 22 at 4:06PM
MLS# 60284157

Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This renovated triplex occupies the second and third floors of a historic 1893 building. The property includes three loft residences: a studio with one bathroom, a second unit with two possible bedrooms and a full bathroom, and a third unit with three bedrooms and two bathrooms. Electric heating, forced-air heat, and central air conditioning serve the units.

The 0.05-acre property is located at 311 W Commercial Street in Springfield, Missouri. Street parking is available, and water service is listed for the property. The retail space on the ground level is leased and is not included in the sale; the offering consists of the three upper-floor loft units.

Key Highlights

  • Three renovated loft units on the second and third floors
  • Unit mix includes a studio, a two‑bedroom‑option unit, and a three‑bedroom unit
  • Licensed for short‑term rentals

Property Analytics

Current Use

Vecino Design Architecture Firm Prixel Creative Marketing & Advertising

Suggested Use

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

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

859
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Upper-level loft units are licensed for short-term rentals and include street parking.
Where is this triplex located?
The property is located at 311 W Commercial Street Springfield, MO.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Three renovated loft units on the second and third floors; Unit mix includes a studio, a two‑bedroom‑option unit, and a three‑bedroom unit; Licensed for short‑term rentals
More about this property
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