OFFICE w-APARTMENT FOR SALE

1031 W College St Springfield, MO 65806

1031 W College St, Springfield, MO, 65806
1031 W College St, Springfield, MO, 65806 1031 W College St, Springfield, MO, 65806 1031 W College St, Springfield, MO, 65806 1031 W College St, Springfield, MO, 65806 1031 W College St, Springfield, MO, 65806 1031 W College St, Springfield, MO, 65806 1031 W College St, Springfield, MO, 65806
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$188,000
Last Verified:
May 08, 2024

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Highlights

  • SALE PRICE: $188,000
  • # of Units: 2
  • SIZE: 1,678 SF
  • LOT: . 011 ac
  • ZONING: West College Street District 1
  • MARKET: Springfield
  • DISTANCE TO DOWNTOWN: .8 Miles

Description

Thank you for viewing this property located on the West side of Springfield. The property is zoned on West College Street District 1 which allows multiple revenue opportunities. This office is broken into one office/showroom space and an apartment. The apartment contains a single bedroom and bathroom, which can be leased out for an additional source of income. This property is close to downtown Springfield.

Thank you for viewing this property located on W College Street right off of S Kansas Expressway. Neighboring business include: Warren Auto Works, Springfield Brewing Company, Mother's Brewing Company, and Black Sheep Burgers and Shake.

Lee McLean III, SIOR, CCIM serves as a Senior Advisor for SVN Commercial in the Springfield Missouri metro area. Lee holds the SIOR & CCIM designation, a Brokers-Associate real estate license and ranks in the top 1% of SVN International


Year Built: 1906
Building Size: 1678sq ft
Building Class: C
Lot Size: 0.11 acres


Documents

SVN - Brochure (L)

Map of 1031 W College St, Springfield, MO, 65806

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.