517 Elm StSpringfield, MO 65806

Property Details for 517 Elm St

Lot size

2.21 AC

Zone code

INC

Property type

Commercial land

APN

88-13-24-242-059

APU

881324242059

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $21,622,096

  Hospitality

  $19,805,724

  Educational

  $16,478,130

  Medical

  $17,044,838

  Retail

  $25,632,646

Location Insight

City

Springfield

County

Greene

State

Missouri

Latitude

37.2057

Longitude

-93.2881

CBSA code

44180

CBSA name

SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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