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Mixed-Use Building with Loft Areas
For Sale
$329,000

504 W Commercial Street, Springfield, MO 65803

Multi-level commercial property with retail bays, upper-level loft space, apartment rooms, and alley-served overhead doors.

Property Size12,319 SF
Price / SF$26.71
Days on Market174

Property Features for 504 W Commercial Street

General Information

Standard status Active
Size 12,319 SF
Property subtype Retail

Taxes and HOA fees

Annual Taxes $964

Amenities

3
Flat
Parking.
On Street.
Sidewalks.

Building Details

Year Built 1889
Listing Agency: Primrose
Listed By: Murney Associates
Source: Xome
Added: Mar 10 Changed: Aug 29 Last Checked: Aug 30 at 1:13PM

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 Primrose

Investment Insights

Based on property information with market context.

This mixed-use property contains 12,319 square feet arranged across two levels. The first floor is divided into four bays, while the second floor includes three additional bays, two open loft areas, and five apartment rooms. The configuration provides a combination of retail, open space, and residential-style rooms within one building.

Located at the corner of Commercial Street and Lyon Avenue in Springfield, the property also benefits from alley access with three overhead doors. Exterior features include sidewalks, on-street parking, and a flat roof. Improvements completed by the current owner include brick tuck-pointing, roof patching, termite treatment with warranty options, and more than 250 hours of demolition work.

Key Highlights

  • 12,319‑square‑foot mixed‑use building
  • Four first‑floor bays and three second‑floor bays
  • Two open loft areas adjoining five apartment rooms

Property Analytics

Current Use

Vantage Lawn Care Landscaping Ruthies on Cstreet Bar & Pub

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Restaurant Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

853
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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-level commercial property with retail bays, upper-level loft space, apartment rooms, and alley-served overhead doors.
Where is this mixed-use property located?
The property is located at 504 W Commercial Street Springfield, MO.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 12,319‑square‑foot mixed‑use building; Four first‑floor bays and three second‑floor bays; Two open loft areas adjoining five apartment rooms
More about this property
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