429 Walnut St Springfield, MO 65806
- Office Properties & Spaces
- 21,000 SF
- 0.18 lot acres
Current Use by Public Records
- People Centric Consulting Group / Business Management Consultant
Property Details for 429 Walnut St
- Year built
- 1925
- Lot size
- 0.18 lot acres
- Property size
- 21,000 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Mixed-use properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.2953
- Latitude
- 37.2071
