Historic Downtown Retail
For Sale
Contact for pricing
412 South Avenue, Springfield, MO 65806
Ground-floor space occupies a restored historic building in downtown Springfield.
Property Size2,050 SF
Price / SF$12
Days on Market30
Property Features for 412 South Avenue
General Information
Standard status
Active
Size
2,050 SF
Property subtype
Retail
Site & Location
Neighborhood
West Central
Building Details
Year Built
1888
Listing Agency:
Alpha Realty MO, LLC
(417) 719-1560
Listed By:
Paul Tillman · License #2023024942
(417) 872-7468
Source:
Onefiverealestate
Added: Oct 8
Changed: Nov 5
Last Checked: Nov 5 at 1:51PM
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 Realty MO, LLC
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Investment Insights
Based on property information with market context.
This ground-floor retail space contains 2,050 square feet within a restored historic building. Constructed in 1888, the property offers a downtown Springfield setting for retail use.
Key Highlights
- 2,050 square feet of ground‑floor retail space
- Restored historic building dating to 1888
- Located in downtown Springfield
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,256
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,120
$305.1K
Cap Rate 7%
$217,943
$217.9K
Cap Rate 9%
$169,511
$169.5K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$22.6K $11.04/SF
− Vacancy
−$837 −$0.41/SF
EGI
$21.8K $10.63/SF
− OpEx
−$6.5K −$3.19/SF
NOI
$15.3K $7.44/SF
Area
Springfield, MO
Vacancy
3.70%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,120
Cap Rate 7%
$217,943
Cap Rate 9%
$169,511
Alternative Uses
Best Use
Retail
$217.9K
$190.7K – $254.3K
NOI $15,256 @ 7.0% cap · market cap 62.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$309.4K
$270.7K – $361.0K
NOI $21,659 @ 7.0% cap · market cap 88.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,077
Businesses Nearby
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Business Placement
Demographics for 65806, MO
12,529
Population
8,049
Households
1.6
Avg Household Size
27
Median Age
22%
College-Educated
87%
High-School Grad
2.1 sq mi
ZIP Area
5,966
Density / Sq Mi
$28,450
Median Household Income
$21,090
Median Earnings
$840
Median Rent
$85,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor space occupies a restored historic building in downtown Springfield.
Where is this retail space located?
The property is located at 412 South Avenue Springfield, MO.
What are key features of this property?
This property features: 2,050 square feet of ground‑floor retail space; Restored historic building dating to 1888; Located in downtown Springfield
