319 Main AveSpringfield, MO 65806

Property Details for 319 Main Ave

Year built

1937

Lot size

0.31 AC

Property size (Sq ft)

37,119 SF

Zone code

INC

Property type

Office buildings

APN

88-13-23-112-069

APU

881323112069

Description

This three-story, Class B office building at 319 N. Main Ave. in Springfield, Missouri, offers a unique blend of traditional and modern workspace options. Built in 1937, the 29,514 square foot building features 16 suites, with 16,761 square feet currently available. Spaces range from a minimum of 1,782 square feet to a maximum contiguous area of 5,500 square feet, making it ideal for a variety of businesses. The building is zoned CC and located in Greene County, offering convenient access to Springfield's vibrant downtown core. Its location near Springfield's Renew Jordan Creek initiative, colleges, government offices, and entertainment venues provides excellent visibility and accessibility. The property boasts ample natural light and offers 90+ parking spaces. This versatile space is perfect for businesses seeking traditional office space, coworking arrangements, or creative office environments. The building's multiple tenancy allows for flexibility in lease terms and space configurations. This is a rare opportunity to secure a well-located, adaptable office space in a thriving downtown area. Inquire today to learn more about the available suites and lease options.

• CAP approach

  CAP return

  Valuation

  6%

  $7,273,886

  6.5%

  $6,714,356

  7%

  $6,234,759

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,655,122

  Geo Method

  $2,655,122

• Alternative Use

  Use

  Valuation

  Residential

  $8,325,802

  Hospitality

  $7,626,390

  Educational

  $6,345,066

  Medical

  $6,563,283

  Retail

  $9,870,103

Location Insight

City

Springfield

County

Greene

State

Missouri

Latitude

37.2103

Longitude

-93.297

CBSA code

44180

CBSA name

SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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