Property profile

504 Commercial St Springfield, MO 65803

OFF-MARKET
Turn key restaurants
Property ID
US48-0984976
7,832 SF 0.05 ac lot Built 1886
Individually Owned 10-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Landscaping
  • Bar & Pub Restaurant

Location

504 Commercial St Springfield, MO 65803-2946
Springfield metro Census 700 SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$245k

Owner & transaction history

since 2016
4 recorded transactions
2016
$184,000
1969
Price N/A
1969
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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