600 College StSpringfield, MO 65806

Property Details for 600 College St

Year built

1929

Lot size

0.37 AC

Property size (Sq ft)

14,621 SF

Zone code

INC

Property type

Retail space

APN

88-13-23-119-001

APU

881323119001

Description

This exceptional 1,000-square-foot creative office space is available for lease in the historic Monarch Art Factory building at 600 W College St, Springfield, MO 65806. Located in the desirable Downtown Springfield submarket, this property offers a unique blend of character and modern convenience. The space boasts an open floor plan, showcasing exposed brick and high ceilings with exposed ductwork, creating a vibrant and inspiring atmosphere. Abundant natural light streams in through skylights, enhancing the workspace. The building, a Class B property constructed in 1929 and renovated in 2009, sits on a 0.37-acre lot and is zoned Center City. The entire building comprises 14,621 square feet, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 1,000 square feet currently available. This single-story building offers a prime location near established businesses such as Conway Duncan Engineering and Bethesda Medical Care. The property's APN is 1323119001. This is an excellent opportunity for a business seeking a unique and stylish downtown Springfield location. The property is categorized as Office/Retail, with a Creative Office subtype, and is suitable for multiple tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $4,211,770

  6.5%

  $3,887,788

  7%

  $3,610,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,635,517

  Geo Method

  $2,635,517

• Alternative Use

  Use

  Valuation

  Residential

  $3,279,494

  Hospitality

  $3,003,999

  Educational

  $2,499,292

  Medical

  $2,585,246

  Retail

  $3,887,788

Location Insight

City

Springfield

County

Greene

State

Missouri

Latitude

37.2083

Longitude

-93.2972

CBSA code

44180

CBSA name

SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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