

Income Property--Retail plus Lofts
Retail | 6.16% CAP | 4,878 SqFt
Marketing description
Prime Income-Property in the Heart of Historic Downtown Springfield!
This rare gem at 222 Park Central Square (right next to the popular History Museum on the Square) features a long-term, reliable restaurant tenant and two stunning updated loft apartments—perfect for steady cash flow in one of Springfield's most vibrant and walkable areas.
- Established Ground-Floor Tenant: The Riksha Restaurant, a beloved Springfield staple and family-owned Chinese eatery for over 30 years, occupies the entire first floor plus basement storage. This long-term tenant provides proven, dependable income in the heart of Park Central Square.
- Two Modern Loft Apartments:
- Loft 201: 2 bedrooms, 1 bath, ~1,200 sq ft — featuring hardwood floors, full kitchen, beautiful Carthage stone sinks, exposed 140-year-old brick and rafters, killer downtown views, and a state-of-the-art fire sprinkler system.
- Loft 301: 3 bedrooms, 2 baths, ~1,250 sq ft — same high-end finishes, panoramic views over historic downtown Springfield, and modern safety features.
This mixed-use building combines solid commercial income with premium residential lofts in a prime historic location steps from restaurants, events, shops, and night clubs in downtown Springfield. 222 Park Central is deal for investors seeking turnkey stability with character and upside potential.
Investment highlights
100% occupancy
Long-term restaurant tenant
Classic downtown building
2 updated loft apartments
plenty of public parking next door
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