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    429 Walnut St Springfield, MO 65806

    Sponsored
    For Sale
    $1,750,000

    Historic building, six units, strong investment.

    Property size:
    21,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, 21,000-square-foot mixed-use building, constructed in 1925 and renovated in 2008, presents a compelling investment opportunity in the heart of Springfield, Missouri. Located on a prominent 0.18-acre corner lot at 429 W Walnut St, the property boasts excellent visibility at the intersection of Walnut Street and Market Avenue. Currently housing six tenants in a multi-tenant configuration, the building offers a blend of executive office spaces and residential lofts, creating a diversified income stream. The property features a modern updated interior, a brand-new roof with a warranty, and a sprinkler system. The building is classified as Class B and is currently stabilized, with one office space currently vacant. The permitted zoning is commercial, making it suitable for a variety of uses. This stabilized investment property offers a rare chance to acquire a well-maintained, historic building with significant upside potential in a thriving downtown location. The APN is 881323107011. The asking price is $1,750,000.

    Property Features for 429 Walnut St

    General Information

    Property type
    Multifamily properties
    Square Feet
    21,000 SF
    Class
    B
    Lot Size
    7,841 SF

    Building Details

    Year Built/Renovated
    1925/2008
    Buildings
    1
    Stories
    3
    Units
    6

    HighLights

    • Corner lot at 429 W Walnut St, Springfield, MO.
    • Excellent visibility at Walnut St & Market Ave intersection.
    • Modern updated interior.
    • Brand new roof with warranty.
    • Fully sprinklered.
    Property Profile Location Intelligence

    Current Use by Public Records

    People Centric Consulting ... Business Management Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.29526918863
    Latitude
    37.207123182624

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    FAQs

    What type of property is this?
    Multifamily property - Historic building, six units, strong investment.
    Where is this multifamily property located?
    The property is located at 429 Walnut St Springfield, MO.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Corner lot at 429 W Walnut St, Springfield, MO.; Excellent visibility at Walnut St & Market Ave intersection.; Modern updated interior.
    Request Owner's contact information
    429 Walnut St Springfield, MO 65806
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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
    429 Walnut St Springfield, MO 65806
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