2058 S Glenstone Ave Springfield, MO 65807
For Sale
1 / 19
This exceptional 2,740-square-foot restaurant building, located at 2058 S. Glenstone Ave in Springfield, Missouri, is available for sale at $1,200,000. Currently 100% occupied, this single-tenant property boasts a prime location in a high-traffic area of Southeast Springfield, near the intersection of Glenstone and Sunshine Streets. The building features an open dining and bar area, a drive-through window, a fully equipped kitchen with two walk-in coolers and a freezer, and two restrooms. Additional features include a large 489-square-foot storage area. The 0.61-acre lot provides ample space, and the property includes 37 parking spaces. The property is zoned for General Retail and benefits from high visibility and accessibility, with nearby businesses including Plaza Towers, Jim's Steakhouse, Early Bird Breakfast Pub, Mercy Hospital, Hy-Vee, Brown Derby Wine Center, and Red Lobster. Annual property taxes are $7,348.01. Traffic counts at the nearby intersections of Sunshine & Glenstone and Seminole & Glenstone are 68,930 and 37,115 vehicles per day, respectively. This is a rare opportunity to acquire a successful, established restaurant in a vibrant and growing community. The lease type is NNN.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
INC · Springfield, MOSpringfield. Always verify with local authorities before improvements.
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.