Property profile

318 Park Central E Springfield, MO 65806

OFF-MARKET
Commercial real estate
Property ID
US48-0935639
12,977 SF 0.08 ac lot Built 1889
Entity Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,745 square foot retail/office space is ideally situated in the vibrant Downtown Springfield, MO submarket at 318 Park Central East, Suite 106. Located in a historic building constructed in 1914, this space benefits from a high-traffic location, just east of the city square and conveniently close to Missouri State University. The suite is part of a larger building totaling 54,590 square feet, offering a strong sense of community and potential for synergy with other businesses. The property's Center City zoning allows for a variety of uses, making it a versatile option for a range of businesses. The address is 318 Park Central East, Springfield, MO 65806, within the Downtown Springfield submarket, and features a multiple tenancy structure. This space presents a unique opportunity to establish a presence in a thriving urban core, benefiting from high pedestrian traffic and proximity to key amenities and educational institutions. The property's APN is 881324233003. This is a rare opportunity to lease a well-positioned space in a desirable downtown location. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1889
Total area 12,977 SF
Lot 0.08 ac (3,398 SF)
Zoning code INC
APN 88-13-24-212-004
UPID US48-0935639

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Wedding Service
  • Wedding Service
  • Apartment Building Apartment Rental Agency
  • Student Housing Center Apartment Building

Location

318 Park Central E Springfield, MO 65806-2240
Springfield metro Census 101 SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2007
3 recorded transactions
2017
Price N/A
2007
Price N/A
1969
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
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