Property profile

2122 Glenstone Ave Springfield, MO 65804

FOR SALE
Retail space
Property ID
US48-0628651
5,767 SF 0.48 ac lot Built 1909
Trust Owned 12-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 5,767 square foot retail property, situated on a 0.48-acre lot at 2122 S Glenstone Avenue in Springfield, Missouri, presents a unique investment opportunity. Boasting a prime location with high traffic counts, this building offers significant potential for a variety of commercial uses. The majority of the structure was constructed in the 1980s and housed a thriving family business for almost four decades, demonstrating its enduring appeal and structural integrity. The property features a spacious showroom with large picture windows, allowing for excellent natural light and prominent street visibility. Two bathrooms, including a shower/sauna, add to the convenience and functionality of the space. Accessibility is enhanced by a dedicated ramp leading to a separate entrance. A full basement, complete with a loading ramp, provides ample storage and logistical capabilities. The original construction plans included provisions for a third story, offering significant expansion possibilities for a future owner. This well-maintained property is priced at $929,000 and represents a compelling investment in a vibrant Springfield commercial corridor. The combination of location, size, and existing features makes this an attractive proposition for discerning buyers seeking a strong foothold in the Springfield market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1909
Total area 5,767 SF
Lot 0.48 ac (20,909 SF)
Zoning code INC
APN 88-12-32-206-033
UPID US48-0628651

Cap rate & NOI

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

Location

2122 Glenstone Ave Springfield, MO 65804
Springfield metro Census 5700 SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2014
1 recorded transaction
2014
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message