429 Boonville Ave Springfield, MO 65806-1001
This meticulously remodeled 4,200 square foot office/retail space at 429 N Boonville Avenue in Springfield, Missouri presents a unique investment opportunity. Originally the "Model Market," Springfield's first downtown grocery store, this property boasts a rich history and modern amenities. The main floor offers 13 enclosed offices, three restrooms, a break room/kitchen, a breakfast nook, and a dedicated conference room. Five additional open-air office spaces provide flexible workspace options. High ceilings and transom windows throughout the building create a bright and airy atmosphere. A significant advantage is the inclusion of a separate 10-space parking lot located at 215 Phelps Street, directly across the street. The basement offers an additional 4,200 square feet of space, as per assessor records, though this is not included in the listed square footage. The property sits on a 0.18-acre lot in the desirable Jordan Valley Park area. The asking price is $12 million. Negotiations are possible regarding the inclusion of existing furnishings with an acceptable offer. This is a rare chance to acquire a beautifully renovated historic building with excellent parking in a prime Springfield location.
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.