1534 State Highway Mm Springfield, MO 65802

Property Details for 1534 State Highway Mm

Lot size

12.31 lot acres

Property type

Commercial real estate

Description

This exceptional 12.31± acre commercial/industrial land parcel presents a unique investment opportunity in Springfield, Missouri. Strategically located between Springfield and Republic on State Highway MM, this property enjoys convenient access to the James River Freeway and Interstate 44, placing it within easy reach of major transportation arteries. The site is situated near Amazon's new distribution center, benefiting from the significant economic activity and growth in this rapidly developing corridor. While a 3,759 square foot house is present on the property, the sale price reflects the land value exclusively. The exact acreage will be determined by a survey. The existing barn and outbuildings may be removed by the seller. This area is experiencing substantial investment, including a $1.5 billion influx projected between now and 2025. Key developments include the Convoy of Hope World Headquarters (completed October 2023), the Amazon Fulfillment Center, and the Iron Grain mixed-use development (under construction, Spring 2024 completion). Significant infrastructure improvements are underway, including a $12.5 million investment to expand State Highway MM to five lanes and a $35 million realignment project to improve access and traffic flow. The city is also investing $100 million in water and wastewater infrastructure to support future growth. This property offers exceptional potential for a variety of commercial and industrial uses, capitalizing on the area's robust economic expansion and strategic location. The property is zoned AG - Agriculture. The land is priced at $3.50 per square foot. The asking price is $1,878,307.20.