Current Use by Public Records
- Prince Smoke And Vape 2 / (Bike/Boat/Book/etc) Store
- Brown Derby Liquor Store / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
Property Details for 1137 Commercial St
- Year built
- 1963
- Lot size
- 3.20 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Springfield, MO retail property presents a compelling investment opportunity. Located at the high-traffic corner of National and Commercial Streets, this 3.2-acre site encompasses a substantial 45,206 square feet of space, currently housing a successful grocery store and additional retail units. Built in 1963, the property offers a blend of leased and vacant spaces, providing immediate income and potential for future growth. The strategic location within a bustling commercial district ensures high visibility and significant foot traffic, averaging approximately 31,000 vehicles daily. Ample parking and easy accessibility cater to diverse tenant and customer needs. The property's versatility makes it ideal for expanding an existing portfolio or establishing a prominent retail presence. With its strong existing tenant base and high-traffic location, this property offers a unique blend of immediate return and long-term growth potential in a thriving Springfield market. The asking price is $2,200,000, translating to $48.67 per square foot. This prime retail center offers a rare chance to acquire a well-established, income-producing asset in a desirable location.
Value Estimations
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AI approach
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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
- -93.2759
- Latitude
- 37.2304
