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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

608 Main St Springfield, TN 37172

24,000 SF 0.32 ac lot
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property at 608 S Main St, Springfield, TN 37172, presents a compelling investment opportunity. The building encompasses 24,000 square feet across two stories, situated on a 0.32-acre lot. The property features four units, currently configured as three street-level retail spaces and one large vacant upstairs area. Two of the ground-floor units are currently leased with 1.5-year lease terms, generating immediate income. Each ground floor unit includes valuable basement storage. The expansive upstairs space offers significant flexibility, allowing for subdivision into multiple units or use as a single large area. The building offers convenient access from both the front and rear. With a total asking price of $1,300,000 ($54.17 per square foot), this property is ideally suited for investors seeking strong rental income and significant upside potential in a thriving downtown location. The property's size and versatile layout make it suitable for a wide range of commercial uses. Don't miss this chance to acquire a substantial commercial property in a desirable Tennessee town.

Property profile
Verified
Property type Retail properties & Spaces
Total area 24,000 SF
Lot 0.32 ac (13,939 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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