Property profile

132 Park Central Sq Springfield, MO 65806

OFF-MARKET
Commercial real estate
Property ID
US48-0894498
42,130 SF 0.47 ac lot Built 1951
Entity Owned 13-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use building, located at 132 W Park Central Sq in Springfield, Missouri's vibrant downtown, presents a unique investment opportunity. The 42,130 square foot property, constructed in 1930, is a significant piece of Springfield's history, situated within the Springfield Public Square Historic District and listed on the National Register of Historic Places. Currently vacant, this two-story building offers immense potential for redevelopment. The property's Center City zoning allows for a variety of uses, making it ideal for adaptive reuse. With its prime location in the heart of the Ozarks, this building benefits from Springfield's thriving cultural scene, diverse culinary options, and unique shopping experiences. The building's size and historical significance make it an attractive prospect for investors seeking to capitalize on the city's growth and the availability of historic tax credits. The asking price is $17.80 per square foot. This is a rare chance to acquire a landmark property in a dynamic and rapidly growing city. The property's zip code is 65806.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1951
Total area 42,130 SF
Lot 0.47 ac (20,517 SF)
Zoning code INC
APN 88-13-24-220-020
UPID US48-0894498

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

132 Park Central Sq Springfield, MO 65806-1311
Springfield metro Census 101 SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$875k

Owner & transaction history

since 2013
1 recorded transaction
2013
Price N/A

Zoning & alternative use

INC · Springfield, MO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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