1544 Kearney St Springfield, MO 65803
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.
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Rancho Court Housing Complex
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
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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.