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1615 S Glenstone Ave 16,068 SF 42% Leased Retail Building Springfield, MO 65804 $2,716,000 CAD ($169.03 CAD/SF)
Investment Highlights
- Multi-tenant Office and Retail Building with Long Term Lease-Back to A+ S&P Rated Tenant
- Value-Add with Additional Space Available to Lease
Executive Summary
Located at 1615 S Glenstone Ave, Springfield, MO, this multi-tenant office and retail building presents a prime investment opportunity. The property features a long-term lease-back with an A+ S&P-rated tenant, ensuring stable income. With 16,068 square feet of building space on a 1.808-acre lot, there is additional space available for lease, offering value-add potential.
Springfield is an attractive destination for businesses, offering economic development incentives, workforce training support, and a strong commercial infrastructure. The property's location on South Glenstone Avenue provides high visibility and accessibility, making it ideal for retail and office tenants. The surrounding area is home to a thriving business community, and Springfield's cultural and recreational attractions enhance the overall appeal of the location.
This investment opportunity combines a strong tenant base, growth potential, and a business-friendly environment, making it a compelling option for investors seeking long-term success.
Springfield is an attractive destination for businesses, offering economic development incentives, workforce training support, and a strong commercial infrastructure. The property's location on South Glenstone Avenue provides high visibility and accessibility, making it ideal for retail and office tenants. The surrounding area is home to a thriving business community, and Springfield's cultural and recreational attractions enhance the overall appeal of the location.
This investment opportunity combines a strong tenant base, growth potential, and a business-friendly environment, making it a compelling option for investors seeking long-term success.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
16,068 SF
Building Class
C
Year Built
1962
Price
$2,716,000 CAD
Price Per SF
$169.03 CAD
Percent Leased
42%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.80 AC
Zoning
INC. - General Retail
Parking
106 Spaces (6.6 Spaces per 1,000 SF Leased)
Frontage
251’ on South Glenstone Avenue
Amenities
- Signage
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1517
- 9,314 SF
- Retail
- End Cap
- Now
| Space | Size | Space Use | Position | Available |
| 1517 | 9,314 SF | Retail | End Cap | Now |
1517
| Size |
| 9,314 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-30-411-003 | Improvements Assessment | $229,238 CAD |
| Land Assessment | $353,726 CAD | Total Assessment | $582,964 CAD |
Property Taxes
Parcel Number
12-30-411-003
Land Assessment
$353,726 CAD
Improvements Assessment
$229,238 CAD
Total Assessment
$582,964 CAD
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1615 S Glenstone Ave
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