Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3520 Olive St Springfield, MO 65802

    For Sale
    $3,440,000

    Prime Springfield location, high traffic, Costco nearby

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 11.53-acre commercial land parcel is ideally situated at the signalized intersection of Olive Street and Eastgate Avenue in Springfield, Missouri, boasting unparalleled visibility and accessibility. Located directly east of Costco Wholesale and other major national retailers, this property benefits from exceptionally high traffic counts, exceeding 33,887 vehicles daily on East Chestnut Expressway and over 60,000 vehicles daily on US Highway 65. The site is zoned Planned Development 298 and a preliminary site layout has already been completed, showcasing the potential for up to 135,000 square feet of buildable space, including a parking garage. This prime location offers immediate access to major thoroughfares, placing your business within easy reach of a substantial customer base. The surrounding area is vibrant, featuring a diverse mix of local and national retailers, restaurants, and other businesses, creating a thriving commercial environment. The asking price is $3,440,000, translating to $6.85 per square foot. Detailed information regarding permitted uses and use restrictions is available upon request. This is a rare opportunity to acquire a highly desirable commercial development site in a rapidly growing market.

    Property Features for 3520 Olive St

    General Information

    Property type
    Land
    Lot Size
    502,247 SF

    HighLights

    • $3,440,000 asking price.
    • 11.53‑acre lot.
    • $6.85 per square foot.
    • Planned Development (PD) 298 zoning.
    • Olive Street and Eastgate Avenue cross streets.
    • Minutes from US Highway 65 and E Chestnut Expressway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.221307879473
    Latitude
    37.207210964901

    Nearby Similar for Sale

    • $449,900
      0.38 Acres

      Mixed-Use Property in Prime Location

      Versatile mixed-use property with office space and residential apartment.
      1213 Estate Ave E, Springfield, MO 65802
      View Details
    • $800,000
      0.82 Acres

      Prime Industrial Opportunity in Springfield

      Versatile industrial property with warehouse and renovated office space.
      2752 E Kearney St, Springfield, MO 65803
      View Details
    • $850,000
      0.11 Acres

      Historic C-Street Commercial Building

      Versatile commercial property in Springfield's Historic C-Street district.
      229 E Commercial St, Springfield, MO 65803
      View Details
    • $1,500,000
      11,050 SF

      Renovated Multifamily Property in Springfield

      Recently renovated 13-unit apartment building in Springfield, Missouri.
      2420 E Blaine St, Springfield, MO 65803
      View Details
    • $1,375,000
      7,080 SF

      Renovated Multifamily Near MSU

      Six-unit apartment building near MSU with recent renovations.
      1315 E Elm St, Springfield, MO 65802
      View Details
    • $699,000
      0.44 Acres

      Historic Office Building in Springfield

      Converted office building in historic district near downtown and university.
      1201 E Walnut St, Springfield, MO 65802
      View Details

    FAQs

    What type of property is this?
    Land - Prime Springfield location, high traffic, Costco nearby
    Where is this land located?
    The property is located at 3520 Olive St Springfield, MO.
    What is the asking price?
    The asking price for this property is $3,440,000.
    What are key features of this property?
    This property features: $3,440,000 asking price.; 11.53-acre lot.; $6.85 per square foot.
    (417) 860-9951
    Request Owner's contact information
    3520 Olive St Springfield, MO 65802
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3520 Olive St
    Springfield, MO 65802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3520 Olive St Springfield, MO 65802
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.