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    587 State Highway B Springfield, MO 65802

    For Sale
    Contact for pricing

    26 Acres, I-44 Visibility, C-3 & A-1 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 26.13-acre commercial land parcel presents a unique investment opportunity in Springfield, Missouri. Strategically located on State Highway B, less than two miles north of the new Amazon distribution facility and Convoy of Hope on Highway MM, this property boasts unparalleled visibility and accessibility. The site enjoys high traffic counts, with nearly 38,000 vehicles traversing Interstate 44 daily, ensuring maximum exposure for any development. Currently zoned C-3 and A-1, the property offers flexibility for a wide range of commercial uses. Its expansive size allows for substantial development potential, and the seller is open to dividing the land into smaller tracts at a revised price per acre, catering to diverse investment strategies. The property's location near major transportation arteries and established businesses makes it an ideal site for a variety of commercial ventures, offering significant long-term growth potential. The address is 587 S State Hwy B, Springfield, MO 65802, in Greene County. This is a rare opportunity to acquire a prime commercial land holding in a rapidly growing area. The asking price is $217,800 per acre.

    Property Features for 587 State Highway B

    General Information

    Property type
    Land
    Lot Size
    1,138,223 SF

    HighLights

    • 26.13‑acre commercial land parcel in Springfield, MO.
    • Zoned C‑3 & A‑1.
    • Located on Interstate 44 and State Highway B, offering high visibility.
    • Priced at $217,800 per acre.
    • Less than 2 miles from the new Amazon distribution facility and Convoy of Hope.
    • Divisible into smaller tracts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Discount Store Veterinary Clinic Pet Supply Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.42417
    Latitude
    37.204019

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    FAQs

    What type of property is this?
    Land - 26 Acres, I-44 Visibility, C-3 & A-1 Zoning
    Where is this land located?
    The property is located at 587 State Highway B Springfield, MO.
    What are key features of this property?
    This property features: 26.13-acre commercial land parcel in Springfield, MO.; Zoned C-3 & A-1.; Located on Interstate 44 and State Highway B, offering high visibility.
    Request Owner's contact information
    587 State Highway B Springfield, MO 65802
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    Springfield, MO 65802
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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
    587 State Highway B Springfield, MO 65802
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