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Iconic Springfield Bank Building

532 E Walnut St, Springfield, MO 65806

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For Sale

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Historic bank building with mid-century modern architecture and commercial potential.

Type:Office, Retail

Property size:

3,848 SF

Price / SF:

$100/SF

HighLights

Historically significant property: Springfield's first drive‑through bank, offering a unique piece of local history.
Durable and secure construction: Built with concrete, Tennessee Crab Orchard stone, and original bulletproof glass.
Mid‑century modern architecture: Designed by architect Joe Amspacher in 1960, featuring bold six‑foot overhangs and distinctive styling.
Flexible commercial reuse potential: Well‑suited for office, retail, creative, or specialty concepts.
Basement vault: Original vault remains, adding unique character and potential.
High visibility enhances commercial appeal.

We can help!

Contact an agent

Brett Heintz

For Sale

Contact for pricing

Historic bank building with mid-century modern architecture and commercial potential.

Type:Office, Retail

Property size:

3,848 SF

Price / SF:

$100/SF

Added:: Mar 9, 2026
Days on Market:: 120
Last Refresh:: Mar 19 at 10:04 pm

Property Features for 532 E Walnut St

General Information

Standard status: Active
Size: 3,848 SF
Property subtype: Office, Retail

Building Details

Year Built: 1960

We can help!

Contact an agent

Brett Heintz

Listing office Murney Associates

Listing date Mar 9, 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 Murney Associates

HighLights

Historically significant property: Springfield's first drive‑through bank, offering a unique piece of local history.
Durable and secure construction: Built with concrete, Tennessee Crab Orchard stone, and original bulletproof glass.
Mid‑century modern architecture: Designed by architect Joe Amspacher in 1960, featuring bold six‑foot overhangs and distinctive styling.
Flexible commercial reuse potential: Well‑suited for office, retail, creative, or specialty concepts.
Basement vault: Original vault remains, adding unique character and potential.
High visibility enhances commercial appeal.

Overview

This iconic Springfield property, originally built in 1960 as the Southern Missouri Trust Company's Motor Bank, represents a blend of mid-century modern architecture and durable construction. Designed by local architect Joe Amspacher, the 3,848 square foot structure was engineered for security, durability, and flexible reuse, featuring a basement vault. The building's construction includes concrete, bold six-foot overhangs, Tennessee Crab Orchard stone exterior, and original bulletproof glass. Its character, visibility, and layout make it suitable for various commercial uses, including office, retail, creative, or specialty concepts. The property offers long-term commercial opportunity.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$42.5k	$11.04
− Vacancy	−$1.6k	−$0.41
EGI	$40.9k	$10.63
− OpEx	−$10.2k	−$2.66
NOI	$30.7k	$7.97

3,848 SF · lease $11.04/SF/yr · vacancy 3.70% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$438.3K

$383.5K – $511.4K (±1% cap)

NOI $30,683 @ 7.0% cap · market cap 7.97%

Second Best

Office B

$435.6K

$381.1K – $508.2K (±1% cap)

NOI $30,491 @ 7.0% cap · market cap 7.92%

Theoretical Best

Office A

$580.8K

$508.2K – $677.6K (±1% cap)

NOI $40,655 @ 7.0% cap · market cap 10.56%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Banks

Suggested Use

Location Insight

Map
Local Demand

City: Springfield
County: Greene
State: Missouri
Longitude: -93.2962949
Latitude: 37.2075902

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For sale
Banks
MO
Springfield
65806
532 E Walnut St

What type of property is this?

Bank - Historic bank building with mid-century modern architecture and commercial potential.

Where is this bank located?

The property is located at 532 E Walnut St Springfield, MO.

What is the asking price?

The asking price for this property is $385,000.

What are key features of this property?

This property features: Historically significant property: Springfield's first drive‑through bank, offering a unique piece of local history.; Durable and secure construction: Built with concrete, Tennessee Crab Orchard stone, and original bulletproof glass.; Mid‑century modern architecture: Designed by architect Joe Amspacher in 1960, featuring bold six‑foot overhangs and distinctive styling.