For Sale
$2,200,000

1137 Commercial St Springfield, MO 65803

High-traffic grocery & retail complex

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional Springfield, MO retail property presents a compelling investment opportunity. Located at the high-traffic corner of National and Commercial Streets, this 3.2-acre site encompasses a substantial 45,206 square feet of space, currently housing a successful grocery store and additional retail units. Built in 1963, the property offers a blend of leased and vacant spaces, providing immediate income and potential for future growth. The strategic location within a bustling commercial district ensures high visibility and significant foot traffic, averaging approximately 31,000 vehicles daily. Ample parking and easy accessibility cater to diverse tenant and customer needs. The property's versatility makes it ideal for expanding an existing portfolio or establishing a prominent retail presence. With its strong existing tenant base and high-traffic location, this property offers a unique blend of immediate return and long-term growth potential in a thriving Springfield market. The asking price is $2,200,000, translating to $48.67 per square foot. This prime retail center offers a rare chance to acquire a well-established, income-producing asset in a desirable location.

Highlights

  • Exceptional Springfield, MO retail investment opportunity.
  • 3.2-acre site with 45,206 square feet, housing a grocery store and other retail units.
  • High-traffic corner of National and Commercial Streets, averaging 31,000 vehicles daily.
  • Blend of leased and vacant spaces offering immediate income and future growth potential.
  • $2,200,000 asking price ($48.67/SF).

Property Details for 1137 Commercial St

Property type
Lifestyle centers, Power centers
Square Feet
45,206 SF
Year Built
1963
Lot Size (sq. ft)
139,392 SF

Location Insight

City
Springfield
County
Greene
State
Missouri
Latitude
37.230447651848
Longitude
-93.275928545391
1137 Commercial St, Springfield, Missouri

FAQs

What type of property is this?
Lifestyle center - High-traffic grocery & retail complex
Where is the lifestyle center located?
The property is located at 1137 Commercial St Springfield, MO.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Exceptional Springfield, MO retail investment opportunity.; 3.2-acre site with 45,206 square feet, housing a grocery store and other retail units.; High-traffic corner of National and Commercial Streets, averaging 31,000 vehicles daily.
How can I contact the broker?
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1137 Commercial St
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