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    464/502 Springfield Rd Sullivan, MO 63080

    For Sale
    $485,000

    Prime 5.8-acre commercial lot near Walmart.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5.8-acre commercial land parcel presents a remarkable investment opportunity in Sullivan, Missouri. Located at 464/502 E. Springfield Rd, this property boasts 200 feet of road frontage, offering excellent visibility and accessibility. Its strategic location is directly across the street from a Walmart, ensuring high traffic volume and significant exposure for any commercial development. Adding to its appeal, the property includes two income-generating rental units: a house generating $600 per month and a mobile home producing $350 monthly, providing immediate cash flow. The land itself features a very gentle topography, simplifying development and minimizing site preparation costs. The property is zoned for commercial use (verification required by buyer) and presents a unique chance to capitalize on the thriving retail environment in Sullivan, Missouri. With its ideal location, existing rental income, and manageable terrain, this property is poised for immediate returns and long-term growth. The asking price is $485,000. The property is situated in Franklin County, Missouri, with a zip code of 63080.

    Property Features for 464/502 Springfield Rd

    General Information

    Property type
    Land
    Lot Size
    252,648 SF

    HighLights

    • 200 feet of road frontage.
    • Across the street from a Walmart.
    • Generating $600 and $350 in monthly rental income from a house and mobile home, respectively.
    • Features gentle topography.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sullivan
    County
    Franklin
    State
    Missouri
    Longitude
    -91.150794
    Latitude
    38.220149

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    FAQs

    What type of property is this?
    Land - Prime 5.8-acre commercial lot near Walmart.
    Where is this land located?
    The property is located at 464/502 Springfield Rd Sullivan, MO.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: 200 feet of road frontage.; Across the street from a Walmart.; Generating $600 and $350 in monthly rental income from a house and mobile home, respectively.
    (314) 881-5580
    Request Owner's contact information
    464/502 Springfield Rd Sullivan, MO 63080
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    Sullivan, MO 63080
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    464/502 Springfield Rd Sullivan, MO 63080
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