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    2058 Glenstone Ave Springfield, MO 65807

    Sponsored
    For Sale
    $1,200,000

    Thriving Restaurant, High Traffic Area

    Property size:
    2,740 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,740-square-foot restaurant building, located at 2058 S. Glenstone Ave in Springfield, Missouri, is available for sale at $1,200,000. Currently 100% occupied, this single-tenant property boasts a prime location in a high-traffic area of Southeast Springfield, near the intersection of Glenstone and Sunshine Streets. The building features an open dining and bar area, a drive-through window, a fully equipped kitchen with two walk-in coolers and a freezer, and two restrooms. Additional features include a large 489-square-foot storage area. The 0.61-acre lot provides ample space, and the property includes 37 parking spaces. The property is zoned for General Retail and benefits from high visibility and accessibility, with nearby businesses including Plaza Towers, Jim's Steakhouse, Early Bird Breakfast Pub, Mercy Hospital, Hy-Vee, Brown Derby Wine Center, and Red Lobster. Annual property taxes are $7,348.01. Traffic counts at the nearby intersections of Sunshine & Glenstone and Seminole & Glenstone are 68,930 and 37,115 vehicles per day, respectively. This is a rare opportunity to acquire a successful, established restaurant in a vibrant and growing community. The lease type is NNN.

    Property Features for 2058 Glenstone Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,740 SF
    Lot Size
    26,572 SF

    HighLights

    • Sale Price: $1,200,000, $437.96/SF.
    • 100% Leased, 2,740 SF building on a 0.61‑acre lot.
    • 2023 Property Taxes: $7,348.01; General Retail zoning.
    • High traffic counts: 68,930 VPD (Sunshine & Glenstone), 37,115 VPD (Seminole & Glenstone).
    • Includes drive‑through window.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3288183
    Latitude
    37.1756964

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    FAQs

    What type of property is this?
    Restaurant - Thriving Restaurant, High Traffic Area
    Where is this restaurant located?
    The property is located at 2058 Glenstone Ave Springfield, MO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Sale Price: $1,200,000, $437.96/SF.; 100% Leased, 2,740 SF building on a 0.61-acre lot.; 2023 Property Taxes: $7,348.01; General Retail zoning.
    Request Owner's contact information
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    Springfield, MO 65807
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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
    2058 Glenstone Ave Springfield, MO 65807
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