1137 Commercial St Springfield, MO 65803
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.
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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.