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    OFF-MARKET
    Turn key restaurants

    504 Commercial St, Springfield, MO 65803-2946

    7,832 SF 0.05 ac lot Built 1886
    Individually Owned 10-yr Hold Absentee Owner Free & Clear
    Property ID
    US48-0984976
    Property summary
    AI-generated overview

    This exceptional 1,958-square-foot retail space, located at 504 E Commercial St, Springfield, MO 65803, presents a unique opportunity in the heart of Downtown Springfield's vibrant commercial district. Situated on a 0.05-acre lot, this Class B building, constructed in 1886, boasts a rich history, previously housing the iconic Frisco Bar and Ruthie's. The property features a single tenancy with the entire 1,958 square feet currently vacant and ready for immediate occupancy. The space includes new flooring, two restrooms, a small private office, and a former small kitchen area, offering flexibility for a variety of uses. Original bar improvements remain, adding character and potential for a unique atmosphere. Two dedicated parking spaces are located in the rear, supplemented by ample street parking. The property is zoned commercial and its APN is 88-13-12-327-007. Its prime location on Commercial Street, adjacent to Askinosie Chocolate and Rathbone Ace Hardware, ensures high visibility and foot traffic. Ideal for retail, restaurant (sandwich shop, etc.), or even office use. Please note that a residential loft above the commercial space is separately occupied.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1886
    Total area 7,832 SF
    Lot 0.05 ac (2,178 SF)
    Zoning code INC
    APN 88-13-12-327-007
    UPID US48-0984976
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Vantage Lawn Care Landscaping
    • Ruthies on Cstreet Bar & Pub Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Great Sthrn Bk · 10 yrs held
    Great Sthrn Bk
    since 2016
    4 recorded transactions
    2016
    $184,000
    1969
    1969
    1969
    Zoning & alternative use
    INC · Springfield, MO
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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