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517 Elm StSpringfield, MO 65806

Prime 0.48-acre commercial lot, ideal for redevelopment.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 0.48-acre commercial land parcel presents a unique redevelopment opportunity in the vibrant Downtown Springfield submarket of Greene County, Missouri. Situated at 517 E Elm St, this single-tenant property boasts excellent frontage on East Elm Street, offering high visibility and accessibility. The property's APN is 13-24-242-059 and is conveniently located adjacent to Missouri State University's campus, ensuring a consistent flow of potential customers and a strong surrounding community. Furthermore, its proximity to the newly constructed Tru Hotel adds to its desirability and potential for increased foot traffic. The site is currently available as a ground lease or build-to-suit option, offering flexibility for prospective developers. The asking rate is $1.75 per square foot per year, on a net-net-net (NNN) basis. This prime location in the heart of Springfield's downtown area makes it an attractive investment for those seeking high-impact commercial development. The property's size and location make it suitable for a variety of commercial uses, capitalizing on the area's growth and proximity to both the university and the thriving downtown core. This is a rare opportunity to acquire a strategically positioned land parcel with significant redevelopment potential in a highly sought-after location. The zip code is 65806.

Highlights

  • ±0.48-acre commercial land parcel available for ground lease.
  • Excellent redevelopment potential in Downtown Springfield, MO.
  • Prime location near Missouri State University and new Tru Hotel.

Property Details for 517 Elm St

Property type
Land
RSF (Rentable sq. ft)
20,909 SF

Unit(s) available at that property

Space
Size
20,909 SF

Location Insight

City
Springfield
County
Greene
State
Missouri
Latitude
37.2055043
Longitude
-93.2876863
517 Elm St, Springfield, Missouri

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Contacts

Jeff Childs SIOR CCIM
Jeff Childs SIOR CCIM
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517 Elm St, Springfield, Missouri, 65806

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

517 Elm St
  • Jeff Childs SIOR CCIM
    Jeff Childs SIOR CCIM
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