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Property profile & analytics
OFF-MARKET
Commercial real estate

1544 Kearney St Springfield, MO 65803

1.09 ac lot
Property ID
US48-0372804
Property summary
AI-generated overview

This exceptional 1.086-acre commercial land parcel, located at 1544 E Kearney St, Springfield, MO 65803, presents a compelling value-add investment opportunity. Currently boasting 100% occupancy across its 14 units, the property is zoned C2, offering significant potential for future development or expansion. The asking price is $1,200,000. Situated in a thriving area of Springfield, this property enjoys unparalleled convenience with its proximity to major national retailers including Big Shots golf, Applebee's, Aldi, Culver's, and Kum & Go. The strategic location offers easy access to Interstate-44, less than a mile away, ensuring high visibility and accessibility. The current leases expire January 11, 2024, presenting a chance to renegotiate terms and potentially increase rental income. This Class B property is a ground lease-free investment, offering a straightforward ownership structure. The property's strong performance and prime location within a growing area make it an ideal investment for those seeking high returns and long-term appreciation. This is a rare opportunity to acquire a well-established commercial property in a highly desirable location. Don't miss out on this chance to capitalize on the robust Springfield market.

Property profile
Verified
Property type Commercial real estate
Lot 1.09 ac (47,306 SF)
UPID US48-0372804
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
Current use
Occupant on record · Public records
  • Rancho Court Housing Complex
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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