435 Walnut St Springfield, MO 65806-2303
Property profile & analytics
435 Walnut St Springfield, MO 65806-2303
- Commercial real estate
- 5,215 SF
- 0.49 lot acres
Property ID
US48-0805221
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Robert D. Lewis, Attorney at Law / Law Firm
- The Med Card | Missouri Medical Marijuana Card Doctors / Physician
- Gold Horse Auctions / Trade Show Venue / (Bike/Boat/Book/etc) Store
- Martin & Associates PC / Law Firm
- The Timeshare Attorney / Law Firm
Property Details for 435 Walnut St
- Year built
- 1882
- Construction
- BRICK
- Lot size
- 0.49 lot acres
- Property size
- 5,215 SF
- Zone code
- INC
- Property type
- Commercial real estate
- APN
- 88-13-24-240-005
- APU
- 881324240005
Description
This exceptional investment opportunity presents a three-story, circa 1881 Victorian apartment building located at 435 E Walnut St, Springfield, MO 65806. Boasting 5,649 square feet of net rentable space on a 0.49-acre lot, this property features high ceilings, original wood and carpeted floors, unique millwork, period light fixtures, and fireplaces. The building includes five bathrooms in the main structure and one in a separate summer house. A partially finished basement and tunnel add to the property's unique character. Plumbing and electrical systems have been updated. The roof was completed in 2007. Pre-wiring for fire alarms is in place. The property benefits from easy accessibility off E. Walnut Street, with ample on-site and street parking. Its prime downtown location places it near the intersection of S. Jefferson and E. Walnut, minutes from Missouri State University, Cardinal Ball Park, the Federal Courthouse, and various city, county, and state government buildings. The Center City (CC) zoning allows for mixed-use potential, including Airbnb. The property may qualify for various city, county, state, and federal incentive programs, including real estate tax abatement. This is a rare chance to acquire a significant piece of Springfield's history, situated in an Opportunity Zone and near a large student and workforce population. The asking price is $699,000, translating to $123.74 per square foot. The property is currently vacant with an occupancy date of February 16, 2024. The building is classified as Class B.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.2886
- Latitude
- 37.2073
- CBSA code
- 44180
- CBSA name
- SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,546
$41,090
$70,270
$111,360
-
$128,400
$219,600
$348,000
