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14655124
14655116

222 Park Central N, Springfield, MO 65806

BC
MO 2007003715
Murney Associates
Listed by Murney Associates
$649,000
872 days on market
Updated 74 days ago

Income Property--Retail plus Lofts

Details
APN 1324224004
Property Type Mixed Use, Retail
Sub Type Restaurant
Square Footage 4,878
Net Rentable (SqFt) 4,878
Occupancy 100%
Pro-Forma Cap Rate 7.38%
Pro-Forma NOI $47,901
Price per SqFt $133
Year Built 1884
Year Renovated 2009
Buildings 1
Stories 3
Acreage 0.030
Zoning CC
Investment Type Stabilized
Sale Condition For sale by owner

Mixed Use | 4,878 SqFt

Marketing description

Prime Income-Producing 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 retail 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 rentals in a prime historic location steps from restaurants, events, shops, and the energy of Park Central Square. Ideal for investors seeking turnkey stability with character and upside potential.

Investment highlights

Fully stabilized

Classic downtown building

3 tenants

plenty of public parking next door

Listing Contacts

BC
MO 2007003715
Murney Associates
Listed by Murney Associates

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