Downtown Springfield Commercial Property For
For Sale
$299,900
505 Hill St, Springfield, TN 37172
Commercial property in downtown Springfield, near courthouse square, tenant in place.
Property Size1,845 SF
Price / SF$162.55
Days on Market381
Property Features for 505 Hill St
General Information
Standard status
Active
Size
1,845 SF
Building Details
Year Built
1966
Listing Agency:
CRYE-LEIKE, INC., REALTORS
Listed By:
DUKE SUTHERLAND
Source:
Corcoran
Added: Aug 20, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 CRYE-LEIKE, INC., REALTORS
Investment Insights
Based on property information with market context.
This commercial property, located in downtown Springfield and two blocks from Courthouse Square, offers 1845 square feet of space. The layout includes a reception area, three offices, a filing room, a supply/mail room, a kitchen area, a large open meeting room, and a storage room. The building features 17 parking spaces around the building. The parking lot has been freshly resealed with new lines for parking spaces. The property is equipped with two gas central heat/air units. The building's exterior has been freshly painted, and new awnings have been installed. A tenant is currently in place. Possible owner terms are available.
Key Highlights
- Prime downtown Springfield location, just 2 blocks from the courthouse square.
- Existing tenant in place.
- Ample parking with 17 spaces, recently resealed and re‑lined.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Explore this area
Business Placement
Demographics for 37172, TN
31,851
Population
12,253
Households
2.6
Avg Household Size
39
Median Age
19%
College-Educated
86%
High-School Grad
179.8 sq mi
ZIP Area
177
Density / Sq Mi
$71,103
Median Household Income
$40,879
Median Earnings
$1,132
Median Rent
$282,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial property in downtown Springfield, near courthouse square, tenant in place.
Where is this office units located?
The property is located at 505 Hill St Springfield, TN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Prime downtown Springfield location, just 2 blocks from the courthouse square.; Existing tenant in place.; Ample parking with 17 spaces, recently resealed and re‑lined.
