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    OFF-MARKET
    Land

    1201 State Highway Mm, Springfield, MO 65802

    37 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 37-acre commercial land parcel presents a unique investment opportunity in Republic, Missouri. Strategically located on State Highway MM between Interstate 44 and Highway 60, this property boasts M-2 Heavy Manufacturing zoning, ideal for a wide range of industrial uses. The asking price is $2,090,880, translating to a land value of $3.50 per square foot. The site benefits from its proximity to major transportation arteries, ensuring excellent accessibility for logistics and distribution. Furthermore, its location near a new, large Amazon distribution facility and the future headquarters for Convoy of Hope positions it to capitalize on significant economic growth and the influx of over 2,000 new jobs in the immediate area. The city of Republic has expressed interest in annexation and potential rezoning for commercial development, further enhancing the property's long-term potential. Sewer access is included in the current pricing. This property is available for sale as a whole. This is a rare opportunity to acquire a substantial tract of land in a rapidly developing area with strong potential for significant return on investment.

    Property profile
    Verified
    Property type Land
    Lot 37 ac (1,611,720 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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