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    1232 Trafficway St Springfield, MO 65802

    For Sale
    $585,000

    6,528 SF Office Building, $585,000

    Property size:
    6,528 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 6,528-square-foot executive office building is strategically located at 1232 E Trafficway St in Springfield, Missouri, 65802, within close proximity to the downtown area and Springfield's central business district. The property sits on a 0.31-acre lot and is zoned PD 282. Priced at $585,000, this translates to a price per square foot of $89.61. Currently configured primarily as office space, the building boasts a unique feature: a fully functional apartment currently used as a nightly rental, offering additional income potential. A significant asset is the retention of a full bar and lounge area, a legacy from its previous use as Doe's Eat Place restaurant. This amenity provides a distinct entertainment advantage, especially considering its location directly across from the Springfield Cardinals stadium. The building presents a compelling investment opportunity for those seeking a well-located, versatile commercial property with unique income-generating potential in a vibrant urban setting. The property's size, amenities, and location combine to create a strong value proposition for a variety of business uses. Serious inquiries are encouraged to explore this exceptional opportunity further.

    Property Features for 1232 Trafficway St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,528 SF
    Lot Size
    13,504 SF

    HighLights

    • Executive office building for sale at $585,000.
    • 6,528 square feet of office space.
    • Asking price of $89.61 per square foot.
    • Located at 1232 E Trafficway St, Springfield, MO 65802, on a 0.31‑acre lot.
    • Zoned PD 282.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nations Insurance Agency Health Insurance Agency Corporate & Legal Reproductions, ... Copy Shop

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm 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
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2748834
    Latitude
    37.2105557

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    FAQs

    What type of property is this?
    Office Property / Space - 6,528 SF Office Building, $585,000
    Where is this office property / space located?
    The property is located at 1232 Trafficway St Springfield, MO.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: Executive office building for sale at $585,000.; 6,528 square feet of office space.; Asking price of $89.61 per square foot.
    Request Owner's contact information
    1232 Trafficway St 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
    1232 Trafficway St Springfield, MO 65802
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