429 Boonville Ave, Springfield, MO 65806-1001
- Office buildings
- 8,916 SF
- 0.11 lot acres
Current Use by Public Records
- Office buildings
Property Details for 429 Boonville Ave
- Year built
- 1900
- Lot size
- 0.11 lot acres
- Zone code
- INC
- Property type
- Office buildings
- APN
- 88-13-13-310-010
- APU
- 881313310010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 31, 2019 | — | Chi Alpha Network INC | Model Market LLC | Warranty Deed · related | — |
| Jul 18, 2017 | — | Model Market LLC | — | Deed · related | $8k · Miscellaneous Govt Agcy |
| Feb 27, 2009 | — | Model Market LLC | Taylor-martin Properties LLC | Quit Claim Deed · related | — |
| Sep 29, 2008 | — | Taylor-martin Properties LLC | Wilbanks,edward E & Dorothy | Warranty Deed | $202k · Springfield City (oh) |
| — | — | Model Market LLC | — | Deed Of Trust · related | $257k · Empire Bank |
| — | — | Model Market LLC | — | Deed Of Trust · related | $21k · City Of Springdale |
| — | — | Model Market LLC | — | Loan Modification · related | $8k · Miscellaneous Govt Agcy |
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $721,000
Market price range: $266k - $1.24M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $720,000 Current use
- RETAIL STORES
- $1,200,000 Change: +66% Conversion: Moderate
- RESTAURANT
- $995,000 Change: +38% Conversion: Moderate
- MEDICAL BUILDING
- $715,000 Change: -1% Conversion: Easy
- AUTO REPAIR, GARAGE
- $685,000 Change: -5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.2926
- Latitude
- 37.2123
- CBSA code
- 44180
- CBSA name
- SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
