Downtown Springfield Mixed-Use
412 South Ave, Springfield, MO 65806
Fully leased mixed-use property in Downtown Springfield with historic character.
Type:Mixed Use, Retail
Property size:
4,100 SFPrice / SF:
$154/SF- Added:
- Feb 18, 2026
- Days on Market:
- 130
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 412 South Ave
General Information
- Standard status
- Active
- Size
- 4,100 SF
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 1888
Listing office Alpha Commercial
Listing date Feb 18, 2026
Source Crexi
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 Alpha Commercial
HighLights
- Fully leased mixed‑use property in Downtown Springfield providing stabilized income.
- Restored historic building features retail space and two loft apartments.
- Proven cash flow with exceptionally low vacancy over the past six years.
- Modern updates from renovations completed in the 2010s.
- Located in a designated Opportunity Zone with historic status eligibility, offering potential tax advantages.
- Strong pedestrian presence and established surrounding businesses benefit the retail component.
Overview
Located in the heart of Downtown Springfield, the property at 412 South Ave is a fully leased mixed-use asset that combines stabilized income with historic character. The property features restored historic retail space on the ground floor and two finished loft apartments above. Renovations were completed in the 2010s, blending timeless architecture with modern updates. Both the retail and residential components are fully occupied, with low vacancy over the past six years, providing consistent cash flow. The lofts showcase the charm tenants seek in downtown living, while the street-level retail benefits from strong pedestrian presence and established surrounding businesses. Positioned within a designated Opportunity Zone and carrying historic status eligibility, the property also presents potential tax advantages for investors while preserving long-term appreciation upside. The property size is 4100 square feet. It is a turnkey, income-producing downtown asset with built-in stability and historic appeal.
Local 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 | $64.5k | $15.72 |
| − Vacancy | −$4.2k | −$1.02 |
| EGI | $60.3k | $14.70 |
| − OpEx | −$27.1k | −$6.61 |
| NOI | $33.1k | $8.08 |
4,100 SF · lease $15.72/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$473.5K
$414.3K – $552.4K
NOI $33,144 @ 7.0% cap · market cap 5.22%
Second Best
Mixed Use
$438.2K
$383.4K – $511.2K
NOI $30,673 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$618.8K
$541.5K – $722.0K
NOI $43,318 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
5 Pound Apparel
Clothing Store
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.292091
- Latitude
- 37.206656
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Fully leased mixed-use property in Downtown Springfield with historic character.
Where is this mixed-use property located?
The property is located at 412 South Ave Springfield, MO.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Fully leased mixed‑use property in Downtown Springfield providing stabilized income.; Restored historic building features retail space and two loft apartments.; Proven cash flow with exceptionally low vacancy over the past six years.
