Listed by KW Greater Springfield
$535,000
1075 East Commercial Street Springfield, MO 65803
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 9,880
Tenancy Vacant
Lease Type Modified
Price per SqFt $54
Year Built 1963
Prime Corner Investment | 9,880 SF Multi-Unit Retail | $54/SF | 31,000 VPD
Marketing description
Acquire the high-visibility "West Wing" of the Northview Shopping Center. Positioned at the hard corner of N National Ave and E Commercial St, this 9,880 SF masonry building offers an unbeatable entry point into the Springfield commercial market. Priced at just $54.15/SF, this asset provides immediate value-add potential through leasing or owner-user occupancy.
Investment highlights
Property Highlights:
- Location, Location, Location: Dominant corner exposure at a signalized intersection with 31,000+ Vehicles Per Day.
- Flexible Footprint: 9,880 total square feet currently divided into versatile units (1075, 1079-1083, and 1091).
- Income Potential: *
- Unit 1075: +- 570 SF 14/sf/yr Modified Gross
- Unit 1079-1083: +/- 2,130 SF Leased
- Unit 1091: +/- 7,200 SF 9/sf/yr Modified Gross
- Recent Momentum: Situated in Springfield’s "Urban Core," an area identified by the 2026 ULI survey as the #1 growth sector for infill redevelopment.
- Flexible Zoning (INC): Allows for a massive range of uses including retail, automotive, creative office, or specialized medical.
Investment Summary:
- List Price: $535,000
- Price/SF: $54.15 (Significant discount to replacement cost)
- Year Built: 1963 (Original masonry construction)
- Lot Size: ~0.60 Acres (West portion)
- Taxes: ~$14239 (2024)
Listing Contacts
Listed by KW Greater Springfield
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