608 Main St Springfield, TN 37172
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.