Mixed-Use Retail and Loft
313 Park Central W Springfield, MO 65806
313 Park Central W, Springfield, MO, 65806
$1,200,000
For Sale
$1,200,000
Multi-level property offers retail/office space plus leased loft apartments and available free/paid parking.
Property Size6,743 SF
Price / SF$177.96
Days on Market319
Property Features for 313 Park Central W
General Information
- Standard status
- Active
- Size
- 6,743 SF
- Property subtype
- Office
Building Details
- Year Built
- 1898
Listing agency
The Firm Real Estate, LLC
(417) 581-5555
Listed by
Jennifer Jackson
Source
Xome
Added: Sep 6, 2025 Updated: Jul 21 at 1:32PM Checked: Jul 21 at 1:32PM
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 The Firm Real Estate, LLC
Investment Insights
Based on property information with market context.
This mixed-use building totals approximately +/- 6,743 SF and combines flexible commercial and residential layouts. The first floor includes about 2,000 SF of retail/office space with a reception area, two executive offices, a conference room, kitchenette, bullpen, and restroom. The second floor offers about 2,000 SF of a luxury loft with two bedrooms, a large living room, dining area, a cook’s kitchen with granite countertops, a full bathroom, and an in-unit washer/dryer combo. The third floor includes about 2,000 SF of loft apartments that are described as 100% leased, along with basement space of approximately +/- 743 SF.
The property is located at 313 Park Central W in Springfield, Missouri, and offers free and paid parking.
For-sale or for-lease considerations are noted in the remarks, with available commercial space on the first floor and additional residential units configured across the upper levels.
The property is located at 313 Park Central W in Springfield, Missouri, and offers free and paid parking.
For-sale or for-lease considerations are noted in the remarks, with available commercial space on the first floor and additional residential units configured across the upper levels.
Key Highlights
- 3,000 SF total retail/executive office and luxury loft space offered over 1st, 2nd and 3rd floors (plus 743 SF basement)
- 1st floor has 2,000 SF retail/office space for lease with reception, 2 executive offices, conference room, kitchenette, bullpen, and restroom
- 2nd floor offers 2,000 SF luxury loft apartments for lease with 2 BR, large living room, dining area, cook’s kitchen with granite countertops, full bathroom, and washer/dryer combo
Local Financial Insights For Office B
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 | $74.4k | $11.04 |
| − Vacancy | −$3.2k | −$0.47 |
| EGI | $71.2k | $10.57 |
| − OpEx | −$17.8k | −$2.64 |
| NOI | $53.4k | $7.92 |
6,743 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$763.3K
$667.9K – $890.5K
NOI $53,431 @ 7.0% cap · market cap 4.45%
Second Best
Retail
$716.9K
$627.3K – $836.4K
NOI $50,182 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$1.02M
$890.5K – $1.19M
NOI $71,242 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Marx Building LLC
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Multi-level property offers retail/office space plus leased loft apartments and available free/paid parking.
Where is this retail space located?
The property is located at 313 Park Central W Springfield, MO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,000 SF total retail/executive office and luxury loft space offered over 1st, 2nd and 3rd floors (plus 743 SF basement); 1st floor has 2,000 SF retail/office space for lease with reception, 2 executive offices, conference room, kitchenette, bullpen, and restroom; 2nd floor offers 2,000 SF luxury loft apartments for lease with 2 BR, large living room, dining area, cook’s kitchen with granite countertops, full bathroom, and washer/dryer combo
